







512 Downie Street
Stratford, Stratford
$359,900
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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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 100+ |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,216 |
| Lot Size | 33.83 ft x 66 ft |
| mls© Number | X13849702 |
| Listed By | RE/MAX REAL ESTATE CENTRE INC. |
Listing History
- No recent sale history for this listing.
- 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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