616 Ontario Street, Stratford, ON
Property no longer active
This property was sold on June 29, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Stratford. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $525,000 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.
- 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 52.43 x 110 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter, Primary Bedroom - Main Floor
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Looking to expand your investment portfolio or take your first step into real estate? This well-maintained detached duplex in the heart of Stratford offers immediate income potential and long-term value. Featuring two bright and spacious 1-bedroom units, each currently rented to excellent tenants at market rates. Situated on a generous lot, it boasts ample parking, a turnaround driveway, and a detached insulated garage perfect for additional storage or workshop space for the owner. Conveniently located close to shops, restaurants, public transit, and other key amenities, this duplex combines comfort, functionality, and strong rental appeal. Whether you're a seasoned investor or just getting started, this is a smart addition to any real estate portfolio.
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Property Summary
This duplex located at 616 Ontario Street, Stratford is currently for sale and has been available on SousaSells for 400 days. This property is listed at $525,000 with an estimated mortgage of $1,748* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 616 Ontario Street, Stratford is in the Stratford neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
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Interior Features
Separate Hydro Meter, Primary Bedroom - Main Floor
Security Features
Community Features
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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 616 Ontario Street, Stratford, ON N5A 3J5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Stratford, ON
For a property listed at $525,000 in Stratford, the legal minimum down payment is $27,500 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 $6,975 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 $6,975.
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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.