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New4 days ago

512 Downie Street

Stratford, Stratford

$359,900

Detached|2 1/2 Storey
4 | 1 | 2
About this home

Embrace the enduring charm and remarkable versatility of this classic 2+ storey red-brick century home centrally located at 512 Downie Street in the vibrant heart of Stratford. Perfectly tailored for asset-building portfolios or anyone with a creative personal style looking for a blank canvas that this expansive property offers. The generous layout features four bedrooms and a cozy sitting area. Creative minds will appreciate the exceptional design flexibility found in the unfinished third-floor loft- complete with its own dedicated staircase; ideal for a creative studio - and full basement featuring a convenient separate side entrance. Step outside to relax on the fully covered front porch, a quintessential character feature perfect for morning coffee or warm summer evening gatherings. Positioned on a central unmatched location that puts you just a 10-minute stroll from Stratford's historic downtown core, placing world-class theatres, artisanal coffee shops, renowned local restaurants and scenic Avon River trails right at your doorstep. Residents are also steps from neighborhood parks, while professionals and students are just a quick two-minute trip from the University of Waterloo Stratford Campus. Centrally located for commuters to utilize the proximity to major regional hubs of Kitchener, Waterloo, Woodstock and London.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$4,216
Lot Size33.83 ft x 66 ft
mls© NumberX13849702
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,842
Property tax
$351
Heat allowance
$150
Housing costs
$2,343 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $71,980
25-yr amortization

Income needed

$72,000

gross annual household income

Payment at 4%
$1,515 / mo
Cash down
$71,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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