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Investment signal

$429,900

106 AND 108 CENTRE STREET W

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Strathroy-Caradoc (NW). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional opportunity in the heart of Strathroy offering both immediate living potential and future redevelopment upside. Currently configured as a duplex, this property is ideal for a first-time buyer or young family looking to live in one unit while generating rental income from the other. The home does require some updates, presenting a great value-add opportunity. For investors and builders, a zoning amendment application has been submitted to permit a 7-unit residential development. Preliminary design aligns with municipal requirements, offering strong redevelopment potential. Situated on a generous lot with rare access from two streets, providing excellent flexibility for future site planning, parking, and building design. Located in an established neighborhood close to downtown, schools, amenities, and with easy access to Highway 402. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: NW
Lot dimensions: 66 x 156.8 FT
Bedrooms: 5 above grade
Parking: 4 total
Stories: 2
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $2,924 (2025)
Zoning: R1
Photos: 4
MLS#: X13020536
Area: STRATHROY-CARADOC_(NW)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Concrete

Positive cash flow ~$578/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

8.07%

Cap rate

6.48%

GRM

10.9

Break-even rent

$2,692

Financing

Down payment$85,980

Loan amount$343,920

Mortgage$1,743/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$197

Insurance$80

Maintenance$358

CapEx reserve$179

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,743/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.