Welcome to this remarkable investment located in the coveted neighborhood of Stratford. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,700,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
INVESTMENT OPPORTUNITY - If you're seeking to diversify or build your portfolio, seize this exceptional chance to acquire 33 residential units situated across three distinct buildings on a single property. The property, spanning approximately 1.4 acres, includes 193 Norfolk Street, 61 Borden Street, and 75 Borden Street. Adequate parking, totalling 45 spots, is available for all three structures. Each building comprises 11 residential units, comprising 31 one-bedroom units and 2 two-bedroom units, all currently occupied. Additionally, each building is equipped with coin-operated laundry facilities, extra storage spaces, and tenant lockers. Click on the virtual tour link, view the floor plans, photos, and layout and then call your REALTOR® to review more information and financials before you schedule your private viewing of this great opportunity!
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This could be the first listing for this address.
Data-driven valuation for 193 NORFOLK Street, Stratford, ON N5A 3Z1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Stratford.
About Purchasing a Home in Stratford, ON
For a property listed at $5,700,000 in Stratford, the legal minimum down payment is $1,140,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $128,975 for this transaction. As this listing is in Stratford (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $128,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.