397 Albert Street, Stratford, ON

$509,000
MLS#:X12828922
3 beds
2 baths
1100-1500 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 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 $509,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 32.4 x 120.3 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this well cared for 1.5 storey family home located just walking distance to downtown and the Festival Theatre. Filled with century home character like extra wide baseboards and trim that you just can't buy today, this home has received some tender loving care to make sure it's move-in ready with modern conveniences for you and your family. You'll fall in love with the newly renovated dining room where family and guests will enjoy breaking bread together. The main floor continues its warmth in the living room, generous kitchen and oversized mudroom. The convenience of the main floor 2 piece bath and laundry facilities makes this home not only functional but practical. Upstairs you will find 3 bedrooms and full bathroom to round out the home. Updates to give you peace of mind include a new roof and furnace in 2020 and new fence in 2025 fully fencing in the backyard. This one is a treasure and won't last long. Call for your private tour today!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 7, 2026
Sold price information is available to members only
Listed Date2/27/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick
BasementFull, Unfinished
Lot Size32.4 × 120.3 Feet
CountyPerth
Annual Tax$3,670
Legal DescriptionPLAN 47 W PT LOT 143 WITH & SUBJ TO ROW

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, Place Of Worship, Public Transit, Golf

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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397 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 397 Albert Street, Stratford, ON N5A 3L2

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.

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Interest Rate5.25%
Down Payment$25,900 (5.1%)
* Minimum Canadian down payment required for this price is $25,900.
Amortization Period25 Years
Estimated Monthly Payment$2,879Based on a loan of $483,100 over 25 years.
Purchase Price$509,000
Loan Amount$483,100
Provincial Land Transfer Tax:$6,655
Total Estimated Closing Taxes:$6,655

About Purchasing a Home in Stratford, ON

For a property listed at $509,000 in Stratford, the legal minimum down payment is $25,900 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 $6,655 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 $6,655.

Nearby Listings

Distance:

No current listings found in Stratford.

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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$689,189

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
Bedford
Public59 Bedford Drive, Stratford, Ontario, N5A 5J7
6.8

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.