21 Mercer Street, Stratford

$699,900
21 Mercer Street

$699,900

New
8d
Detached1 1/2 Storey

21 Mercer Street, Stratford

Total Monthly Obligation $3,581

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
8d
Score
20
Yield
5.1%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X14081032
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-34.17 × 125.53 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,597.15 (2026)
Parking-5 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Home and Company Real Estate Corp Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Stratford
Title-Residential Freehold

No agent assigned

Get ready to fall in love with this beautifully updated century home perfectly situated in the desirable Avon Ward, just blocks from the river and downtown! Step inside through the inviting enclosed porch and discover a bright and welcoming main floor designed for comfortable everyday living and entertaining. The spacious living room flows into a separate dining room, creating the perfect setting for family dinners and gatherings, and continues into an oversized and updated chef-inspired kitchen featuring quartz countertops, generous prep space, storage galore, and is truly the heart of the home. Upstairs features a primary bedroom with a huge walk-in closet, two additional generously sized bedrooms, and a beautifully updated bathroom. The finished basement provides valuable additional living space, perfect for family movie nights, a recreation room, an office, or accommodating overnight guests. An additional updated bathroom/laundry room adds even more functionality to this versatile space. Step outside to discover a large, fully fenced backyard offering exceptional privacy and plenty of room for outdoor entertaining, gardening, relaxing, or enjoying time with family, friends, and pets. The detached garage provides excellent flexibility for additional storage or a workshop. Unbeatable location, incredible outdoor space, lots of parking, and updates throughout, this home offers so much love. Situated on a very quiet street with the river and downtown just moments away, this charming home is ready to welcome its next chapter!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,581/mo
Mortgage $2,823
Monthly Loss $2,838
Principal$743
Interest$2,080
Property Tax$383
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$23,303/yr
Net Cash Flow
-$881/mo
Cash Margin
-29.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 21 Mercer Street

Time

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