197 ALBERT Street, Stratford, ON

$899,900
MLS#:X10780656
4 beds
3 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 6, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Stratford. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,900 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.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 36.02 x 104.55 ft lot
  • Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient unknown configuration
  • Notable attributes: Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via unknown

Description

Welcome to this beautifully restored century home in the heart of midtown Stratford, Ontario. Just a short walk from the vibrant downtown core, theatres, restaurants, and shops, this three-bedroom, two-bathroom home perfectly blends modern living with classic charm. A landscaped walkway leads to the inviting entrance and large front porch. Inside, the open living room and kitchen feature rich maple floors, granite tile, high trim, and large windows that fill the space with natural light. The recent addition of a hidden two piece powder room is a must on this floor. The open kitchen extends to an expansive back deck, complete with a hot tub and stairs leading to a beautifully manicured backyard. This outdoor space includes an outdoor kitchen, a built-in pizza oven, and a tastefully designed high fence, making it ideal for entertaining—and a delight for your neighbours! Don’t miss the recently added one-bedroom basement suite currently rented to the Stratford Festival. Heated floors feature in the three piece bathroom, with a large bedroom, eight foot ceilings throughout and a walk up to the back yard. This suite is perfect as a rental income to help offset your mortgage, or as a cozy space for visiting family and friends. Back inside, the second floor features a spacious primary bedroom with a large walk-in closet. Adjacent is an insulated home office above the front porch, with windows on three sides. Two additional well-lit bedrooms complete the sleeping accommodations. The large four-piece bathroom boasts a custom concrete sink and a deep soaking tub—perfect for unwinding after a long day. On the third floor, skylights illuminate the media room, designed for family comfort with a projector, screen, and surround sound for movie nights. Alternatively, cozy up with a fire, a book, and a blanket to escape the day’s stresses in peaceful privacy. This is truly a modern classic in the heart of a classic city.

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Property Summary

This detached home located at 197 ALBERT Street, Stratford is currently for sale and has been available on SousaSells for 650 days. This property is listed at $899,900 with an estimated mortgage of $2,995* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 197 ALBERT Street, Stratford is in the Stratford neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 6, 2024
Sold price information is available to members only
Listed Date10/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2 1/2 Storey
ConstructionBrick
BasementSeparate Entrance, Finished
Lot Size36.02 × 104.55 Feet
CountyPerth
Annual Tax$3,779.7
Legal DescriptionPT LT 227 PL 20 STRATFORD BEING PT 1 44R-4829; STRATFORD

Parking & Garage

Parking Total3.0
Parking Space3
Garage TypeUnknown

Heating & Cooling

Heat SourceUnknown
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard

Interior Features

Sump Pump

Security Features

None

Community Features

Location

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197 ALBERT Street, Stratford, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 197 ALBERT Street, Stratford, ON N5A 3K7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Stratford.

Configure Loan Settings

Interest Rate4.00%
Down Payment$269,970 (30.0%)
* Minimum Canadian down payment required for this price is $64,990.
Amortization Period30 Years
Estimated Monthly Payment$2,995Based on a loan of $629,930 over 30 years.
Purchase Price$899,900
Loan Amount$629,930
Provincial Land Transfer Tax:$14,473
Total Estimated Closing Taxes:$14,473

About Purchasing a Home in Stratford, ON

For a property listed at $899,900 in Stratford, the legal minimum down payment is $64,990 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 $14,473 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 $14,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Stratford, Stratford.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$682,442

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Jeanne Sauvé
Public8 Grange Street, Stratford, Ontario, N5A 3P6
6.4
Romeo
Public49 Rebecca Street, Stratford, Ontario, N5A 3P2
3.8
St Aloysius
Public228 Avondale Avenue, Stratford, Ontario, N5A 6N4
7.4
Shakespeare
Public35 Mowat Street, Stratford, Ontario, N5A 2B8
4.3
Hamlet
Public315 West Gore Street, Stratford, Ontario, N5A 7N4
5.2

Secondary Schools

St. Michael
Catholic240 Oakdale Avenue, Stratford, Ontario, N5A 7W2
7.0
Stratford District
PublicFreeland Drive, Stratford, Ontario, N5A 1L4
5.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.