31 Bay Street
Stratford, ON N5A 4K7
- 3+1Bedrooms
- 3Bathrooms
- 5Parking
- 2000–2500Sq Ft
- $4,182Tax
- 40×118 ftLot Size
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| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-06-10 | 2026-07-16 | Login to See Prices | Sold | x13426542 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 31 Bay Street, Stratford
Summarized Description
- Turnkey duplex in sought-after Stratford neighbourhood
- Fully leased with strong rental income
- Renovated kitchens in both units
- Private laundry facilities for each unit
- Exclusive basement and finished attic access
- Large backyard with ADU potential
- Parking for up to 5 vehicles available
- Close to schools, parks, and public transit
Turnkey, well-maintained, bright, clean, duplex investment opportunity in a quiet, sought-after Stratford neighbourhood with excellent tenants. Fully leased with current gross annual rental income of $40,800, $3,400 monthly with NOI of ~ $32,100.The lower unit features 1 bedroom, 2 bathrooms, private laundry, and exclusive use of the basement. The upper unit offers 2 bedrooms, 1 bathroom, private laundry, and exclusive use of the finished attic. Both units have been well-maintained over the years and have benefited from thoughtful updates, including renovated kitchens. Tenants pay their own hydro (separately metered 2x100A) and water, while the landlord pays the heat. Additional features include a large backyard, potential for an ADU, storage shed, parking for up to 5 vehicles, two water heaters, and ample storage space. A rare opportunity to acquire a fully leased income property with strong in-place rents, reliable long-term tenants, and attractive investment fundamentals close to schools, parks, downtown amenities, and public transit. Contact your realtor for more details and virtual tour. Roof and balcony completed in 2018; back porch completed in 2024
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,182
- Land Transfer Tax Fee
- $7,475
Rental Items
- Rental Equipment
- Hot water heater electric, tenant pays hydro
- Under Contract
- Hot Water Tank-Electric
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Accessory Apartment
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Other Structures
- Shed
Building
- Building Type
- Multiplex
- Building Style
- 2 1/2 Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 40.00 ft
- Lot Depth
- 118.25 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 5
- Total Garage And Parking Spaces
- 5
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Available
- Bedrooms
- 3 + 1
- Washrooms
- 3
- Kitchens
- 2
Room sizes
- Bathroom—Main level, 3 Pc Bath
- Bathroom—Main level, 4 Pc Bath
- Bedroom—Main level
- Family Room—Main level
- Kitchen—Main level
- Living Room—Main level
- Sunroom—Main level
- Bathroom—Upper level, 4 Pc Bath
- Bedroom—Upper level
- Den—Upper level
- Kitchen—Upper level
- Den—Third level
- Bedroom 2—Upper level
Washrooms
- 3-piece, Main
- 4-piece, Main
- 4-piece, Upper
- Municipality
- Stratford
- Neighbourhood
- Stratford
- Main cross streets
- bay and douro
- Zoning
- R2-2
- Directions
- south
- MLS® number
- X13426542
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-16
- Listed on
- 2026-06-10
- Days on market
- 36 days
- Possession date
- 2026-07-01
- Possession type
- Immediate
- Co-op commission
- 2
- Seller
- Listed by
- Home and Company Real Estate Corp Brokerage
Home Market Value
Current home valuation for 31 Bay Street, Stratford, Stratford, ON. Listed for $550,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 31 Bay Street, Stratford
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $50,000 over $500K
$30,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,790 | $15,345 | $13,090 | $0 |
=Total mortgage | $540,540 | $510,345 | $480,590 | $440,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,639monthly | $2,492monthly | $2,346monthly | $2,148monthly |
Land Transfer Tax
$7,475
$7,475
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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