The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
This 1880 wood-sided gothic cottage, surrounded by perennial gardens and ornate iron fencing, is set in the village of Shakespeare, between Stratford and Kitchener/Waterloo.The exterior is topped by a central gable with finial and verge board framing a fan light window, with a full width porch held with squared columns. The hooded double hung windows have been updated.The rear garden is fenced and offers fruit trees, raised beds and a cement pad with parking for three vehicles. Enter the home through the primary transom door to inlaid tile, on to warm toned hardwood floors in the formal areas and ceramic tile in the kitchen to the side entrance. The sun-filled kitchen features ample cupboard space, butcher block wood countertops, and connects to a walk-through pantry leading to laundry room and updated large family bathroom. A bonus room off the kitchen with an exterior door, offers the opportunity for a home office, garden room, or playroom, ideal for a variety of lifestyles and work-from-home needs. There are two large formal rooms one of which could be used as a main floor bedroom. The original staircase winds gracefully upstairs, leading to two bedrooms and a powder room. The village zoning maximizes the property uses.Shakespeare is exempt from the Prohibition on the Purchase of Residential Property by Non-Canadians Act.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,288/mo
Mortgage (principal + interest)$2,058
Property taxFrom listing: $2,764/yr$230
Minimum $30,000 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$110,000
Ontario land transfer taxProvincial brackets, no first-time refund$7,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$120,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Perth East has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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