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Property Type: Detached HouseOwnership: Freehold
196 LIGHTBOURNE AVENUE
Stratford, ON N4Z1E1
MLS® X12917848
$550,000
4 bed3.5 bath5 parking
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 62 x 120 FT
- Frontage
- 62 feet
R1-3
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,728.3 (2026)
Interior
- Basement
- Finished, Full
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | — |
| Recreational, Games room | Basement | — |
| Foyer | Main level | — |
| Kitchen | Main level | — |
| Living room | Main level | — |
| Mud room | Main level | — |
| Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
| Laundry room | Basement | — |
| Den | Basement | — |
Description
This side-split on a quiet, mature street offers 3 bedrooms, 2.5 bathrooms, and approximately 1,795 sq. ft. of finished living space, with a layout that delivers the space and functionality you're looking for, including a primary bedroom with ensuite and walk-in closet. The main floor has been updated to open the kitchen into the living space, with new flooring, cabinetry, and updated appliances, creating a bright, connected area. From the kitchen, you walk through a mudroom/pantry directly out to a spacious, fully fenced yard with plenty of room for kids, pets, or entertaining.Upstairs, the primary bedroom includes a private walkout balcony overlooking the yard, while the additional bedrooms each offer their own balcony access, a rare feature in this price range. The fully finished basement adds flexibility with a cozy fireplace and a bonus room suited for a home office or additional living space. With a new roof in 2020 and a layout that blends the feel of a newer home with the space and privacy of an established neighbourhood, this is a standout opportunity in a highly sought-after location. (id:63161)
Listing Information
- MLS®
- X12917848
- Tax assessment year
- 2026
- Data last synced
- October 28, 2026
EXP REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXP REALTY
MLS® Number: X12917848
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Stratford average
$393/sqft
28 active listing(s)
Parking: 5 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
8°C
Fog
Humidity 99%
Wind ENE 3 km/h
Tonight
8°
Thursday
20°
Thursday night
5°
Friday
12°
Friday night
0°
Saturday
15°
Source: Environment and Climate Change Canada.
Population
45,195
(2021 Census)
+7.3% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.5% ($30,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$440,000.00
Periodic payment — Principal & Interest (monthly)$2,838.73
Additional monthly expenses (condo fees, tax, utilities, etc.)$477.36
Total monthly cost$3,316.09
Interest paid over 5-yr term$126,105.26
Balance at end of term$395,781.42
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$30,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,031.95
Cash Needed at Closing
Minimum down payment$30,000
Estimated Land Transfer Tax (LTT)$7,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$38,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
