126 Metcalfe Street, Strathroy-Caradoc, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of SW. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $399,990 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 2000-2500 sqft on a premium 48 x 140.61 ft lot
- Features a full 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: Accessory Apartment, In-Law Capability, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Let the tenant pay the mortgage here! There are 4 ways to use this unique setup. 1. Seniors or first-time buyers live in the one and two-bedroom main floor unit and rent out the second-floor apartment for extra income. 2. Ideal for extended family (multi-generational family living) the parents live on the main floor, while the children live in the second floor apartment. 3 As an investor simply rent out both units as an excellent income investment with the potential to exceed an 8% cap rate. 4. This home can easily be converted back to a low-priced single family home. Separate hydro meters, plenty of driveway parking, numerous updates such windows, kitchen, bathrooms, flooring, painting throughout, roof shingles, soffit, fascia, eavestrough and much more. Ideally located near downtown Starthroy, in walking distance to all amenities. This home is currently used for multi-generational living, the owners and his extended family. There are no fixed rents. This well maintained brick Century home offers timeless character with a large wrap around front porch with original decorative gingerbread. There is a one and a half car garage, a spacious basement for storage and a large heatable workshop attached to the garage. Enjoy the fully fenced magnificent back yard, your private oasis of plants, trees, nature plus a gazebo for family fun and entertaining. Quick possession! Call today!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Place Of Worship, Rec./Commun.Centre, School
Interior Features
Accessory Apartment, In-Law Capability, Storage
Security Features
Community Features
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 126 Metcalfe Street W A&B, Strathroy-Caradoc, ON N7G 1M8
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 Strathroy-Caradoc, ON
For a property listed at $399,990 in Strathroy-Caradoc, the legal minimum down payment is $20,000 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 $4,475 for this transaction. As this listing is in Strathroy-Caradoc (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,475.
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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.