21996 Melbourne Road
Strathroy-Caradoc, N0L 1T0·MLS® X13413034·
Listing courtesy of Platinum Key Realty INC.·Updated 13 hours ago
Listing price
$324,900
Est. $1,547/mo
Days on market
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
82% confidence · 8 comparable sales analysed
Monthly payment estimate
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
Sold comparables nearby
Sold$472,000
6460 Longwoods Road, Strathroy-Caradoc
Sold$500,000
6509 Longwoods Road, Southwest Middlesex
See all 10 comparables
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Market conditions · Rural Strathroy-Caradoc
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
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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