388 Downie St is an investment in Stratford, listed for $799,900.
1A rare chance to own a storied piece of Stratford history.
2The 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.
3Located 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.
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Commercial Property in Stratford
About 388 Downie Street
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.
Stratford investment priced at $799,900 — book a tour to see if it fits your search.
Inside 388 Downie St
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0.274
Listing & possession
Property class
Investment
388 Downie St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 388 Downie St
Homes for sale in Stratford
Every active Stratford MLS® listing, updated all day.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio98.1%On average, homes sold below asking.
Active listings218Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 171 sales from Jul 25 – Oct 23, 2026 (134 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
388 Downie St is listed at $799,900 (MLS® X12680506). Summitly updates the price as soon as the MLS® record changes.
Has the price of 388 Downie St changed?
Yes — it was first listed at $1,099,900 and is now $799,900, a drop of $300,000 (27.3%).
How many bedrooms and bathrooms does 388 Downie St have?
The listing for 388 Downie St doesn't publish its bedroom and bathroom count. It is a commercial property in Stratford.
Is 388 Downie St close to transit?
The nearest rapid-transit station is Stratford GO Station (Kitchener GO), about 250 m (about a 3-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 388 Downie St compare with other homes in Stratford?
Its asking price of $799,900 is about 38% above the median sold price in Stratford over the last 90 days, $579,000, across 171 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 388 Downie St been sold before?
Summitly has no earlier MLS® sale or lease of 388 Downie St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 388 Downie St?
388 Downie St is in Stratford, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 388 Downie St been on the market?
287 days — 388 Downie St was listed on January 9, 2026.
What is the land transfer tax on 388 Downie St?
About $12,473 in Ontario land transfer tax at the asking price of $799,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 388 Downie St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 388 Downie St?
The listing for 388 Downie St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Stratford.
When was 388 Downie St built?
The listing for 388 Downie St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
