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12 Mercer Street

Stratford, Stratford

$549,999

Detached|2-Storey
3 | 2 | 4
About this home

Location! Location! Location! This three-bedroom, two bathroom brick home in Avon Ward is located in a wonderful residential neighbourhood close to schools, churches and just a short walk to Downtown Stratford. And bonus! If you're a car lover and like to tinker or store your "summer car" for the winter, then this is the perfect garage for you! Some of the upgrades to this home over recent years are: furnace 2024 / roof 2019 / water softener 2024. The upper bathroom was completely redone just a few years ago. This means that you don't have to worry about the big ticket items for years and can concentrate on making this home your very own with your own colours and choice of decor. It's located in lovely old Avon Ward and after all, who doesn't want to live in Avon Ward!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,892
Lot Size44.23 ft x 89.01 ft
mls© NumberX13222428
Listed ByRight At Home Realty

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%
$2,815
Property tax
$324
Heat allowance
$150
Housing costs
$3,289 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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