$365,000

For saleJust listed

#307 245 Downie Street, Stratford - Single Family for Sale

#307 245 Downie Street, Stratford, Ontario, N5A1X5

1 bed1 bath1 parking250 ft²$355/mo condo feeListed Yesterday

Overview

This 1-bedroom, 1-bathroom condo in Stratford is for sale offering roughly 250 sq ft of space. Listed at $365,000, it is attractively priced about 21% below the $459,900 median asking price in Stratford. It has been on the market 1 day, fresher than the Stratford average of 104 days.

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Description

Situated in Stratford's newly minted Downie District, your new neighbourhood is full of energy, culture and charisma. A short walk or bike ride along Downie Street connects you to everything from the YMCA, to award winning cafes, restaurants and theatres. From well curated bookstores, to well stocked bike shops, it's all within 5 minutes of The Bradshaw. This 460 sq ft unit maximizes its space to give the feeling of a much larger unit. From ceiling to floor everything has a place and everything is in its place, a clean canvas for you to focus on your work, your latest album or your next adventure. This is a turn key unit ready that would be perfect for a young professional to enter the housing market at an affordable price point. Please call to arrange a private tour. (id:66096)

Property Details

MLS®: X14153402
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage, Shared
Condo Fee: $355/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,475/yr
Listed: Yesterday

Rooms

Main level

Bedroom: 2.44 x 2.74 meters
Living room: 3.35 x 4.57 meters
Bathroom: 1.5 x 2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Range, Dryer, Microwave, Oven - Built-In, Water Heater
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Stratford listings, avg age

104d

Price / ft²

$1,463

List price

$365K

Haho

This 1-bed single family in Stratford has been listed for 1 day, which is 103 days fresher than the city average of 104. Act while there is still low competition.

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Listed by RE/MAX A-B Realty Ltd · SCOTT ROCHER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5A)

This home lists at $365,000, about 4.7× the local median household income of $77,000.

Carrying it typically needs a household income of about $71,297 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 32,898
Median age: 46.4
Owner / renter: 66% / 35%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N5A)

$365,000· $1,463/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,250

Min 5%50%

Mortgage payment$1,922/mo

↳ CMHC premium ($13,870 capitalized)

Property tax (est.)$206/mo

Condo fee$355/mo

Total monthly$2,484

Cash Needed to Close

Down payment (5%)$18,250

Land transfer tax$3,950

Est. closing costs$3,595

Total cash needed$25,795

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