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Listed 3 months ago

257 Ontario Street

Stratford, Stratford

$629,900

Detached|1 1/2 Storey
5 | 2 | 3
About this home

LOCATION, LOCATION, LOCATION! Prime opportunity in the heart of Stratford, just steps from downtown and minutes from the Stratford Festival Theatre. Built in 1904, this charming red brick century home has been proudly owned by the same family for over five decades, and formally operated as a B&B. Full of character and history, it offers a rare opportunity in one of Stratford's most desirable neighbourhoods.The home features five bedrooms across two levels, with three upstairs and two on the main floor. The main floor offers flexible living space, including a front room currently used as a bedroom, separated by a non-structural wall that may be removed to restore a larger open living area.The rear addition, which includes the kitchen and a back room, is the primary area ready for renovation and presents excellent potential for modernization.A standout feature is the large backyard, offering exceptional space for gardening, entertaining, and family enjoyment.Located within walking distance of schools, shops, restaurants, theatres, and all downtown amenities, this is a rare opportunity to own a character filled home in a premier Stratford location.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,380
Lot Size42.3 ft x 132.3 ft
mls© NumberX13480638
Listed ByROYAL LEPAGE WOLLE REALTY

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%
$3,224
Property tax
$282
Heat allowance
$150
Housing costs
$3,656 / mo

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

Down payment20% · $125,980
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,651 / mo
Cash down
$125,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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