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21996 Melbourne Road

Strathroy-Caradoc, N0L 1T0·MLS® X13413034·

Listing courtesy of Platinum Key Realty INC.·Updated 13 hours ago

3Beds
1Baths
1,500-2,000Sqft
Year Built

Listing price

$324,900

Est. $1,547/mo

Days on market

2

Listed Jun 8, 2026

Description

Situated on a 0.447 acre lot in the community of Melbourne, this property offers a rare opportunity to create something new in a desirable rural setting. Surrounded by open space and small town charm, the property provides ample room for a custom home, or a substantial renovation project. Conveniently located with easy access to nearby amenities and major routes, this is an opportunity to own a generously sized lot in a growing community.

Property details

Garage

1 car Detached

Basement

Partial Basement, Unfinished

Parking

3 spaces

Type

Detached — 1 1/2 Storey

Heating

Forced Air

AI property estimate

$318,727At Market
$299,233$338,221

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Rural Strathroy-Caradoc

Strathroy-Caradoc, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,547
Property tax$352
Insurance (est.)$68
Utilities (est.)$250
Total monthly$2,217

Land transfer tax

Ontario LTT

$3,349

First-time rebate

$3,349

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jun 8, 2026Listed
$324,900

Sold comparables nearby

6460 Longwoods Road, Strathroy-CaradocSold

$472,000

6460 Longwoods Road, Strathroy-Caradoc

3 bd·1 ba·1,100-1,500 sqft
6509 Longwoods Road, Southwest MiddlesexSold

$500,000

6509 Longwoods Road, Southwest Middlesex

2 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · Rural Strathroy-Caradoc

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$1,300

Rental yield

4.8%

Est. cash flow

-$917

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$83,152

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$318,727

At Market

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