388 Downie Street, Stratford, ON N5A 1X6
Stratford · Near Downie/Kent · View map
About this home
A rare chance to own a storied piece of Stratford history. The former Avon Hotel, dating to the mid-1800s, offers approx. approx 10,000 sq ft on a prime corner lot with two frontages on busy Downie Street. Located within walking distance to Downtown, the VIA Rail station, new bus terminal, University of Waterloo and Conestoga College campus, Avon Theatre, skate park and the future Community Hub. This 3-storey 19th-century building has undergone some rehabilitation and is looking for its next owner's vision. Potential for two commercial lease spaces on the main floor, and the vacant upper floors are ready for residential redevelopment. Zoned Highway Commercial C2-18. Offered as-is, where-is.
The home
- Type
- Investment
- Square footage
- 10500 sq ft
- Lot size
- 122 x 109 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $5,926/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Downie/Kent
- Neighbourhood
- Stratford
More
- MLS® number
- X12680506
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 388 Downie Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 388 Downie Street
Answers come straight from this home’s MLS® listing.
How much is 388 Downie Street listed for, and what would it cost each month?
388 Downie Street is listed for $799,900. With 20% down ($159,980), the mortgage payment would be roughly $3,227 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,720 a month, all in. That figure is an illustration, not a quote.
Is 388 Downie Street freehold or a condo, and is there a monthly fee?
388 Downie Street is a investment in Stratford. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 388 Downie Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 388 Downie Street?
388 Downie Street is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 388 Downie Street, and what is the lot size?
The lot is listed as 122 x 109 ft.
How is 388 Downie Street heated and cooled?
Heating is gas forced air closed. The listing does not show air conditioning.
What are the property taxes for 388 Downie Street?
Property taxes are $5,926 a year (2025), or about $494 a month.
Where is 388 Downie Street?
388 Downie Street is in Stratford. The nearest main intersection is Downie/Kent. The postal code is N5A 1X6.
Is 388 Downie Street still for sale?
Yes. It is an active listing (MLS® X12680506). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 388 Downie Street asking?
Similar properties for sale nearby right now include 138 DOWNIE Street at $599,900, 107 - 245 Downie Street at $1,025,000 and 97 Ontario Street at $799,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 388 Downie Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 388 Downie Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Stratford, picked by style, size and price.
Commercial retail$599,900138 DOWNIE Street, Stratford2 bath · StratfordCourtesy of: Sutton Group - First Choice Realty Ltd.View home →
Commercial retail$1,025,000107 - 245 Downie Street, StratfordStratfordCourtesy of: PG DIRECT REALTY LTD.View home →
Commercial retail$799,90097 Ontario Street, StratfordStratfordCourtesy of: Sutton Group - First Choice Realty Ltd.View home →Courtesy of: Sutton Group - First Choice Realty Ltd.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.