$400,000

House For Sale In Chatham, Ontario

$400,000
  • 4

    Bedrooms

  • 2

    Baths

  • 0.06 Acres

    Lot Size

Property Information:

Well-maintained detached home with two rentable units, ideal for homeowners or investors. The upper unit features 3 bedrooms and 1 bathroom and is tenanted at $2,050/month. The vacant lower-level unit offers 1 bedroom and 1 bathroom with an estimated market rent of $1,285/month, providing strong income potential and a projected gross income of $40,020/year. The property sits on a large backyard in a quiet, family-friendly neighborhood close to schools, parks, and amenities. Freshly painted and upgraded for peace of mind, with recent improvements including a 200-amp electrical panel (2 yrs), new sump pump, new electric water heater, 3-year-old heat pump, and updated basement kitchen and bathroom (2 yrs). An excellent turnkey investment or live-in-one, rent-the-other opportunity with strong income potential in a desirable location. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: 2 Level
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 1659 sqft
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer, Microwave Built-in

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3+1
  • Bathrooms: 2
  • Amenities Nearby: Park
  • Features: Sump Pump
  • Floor Space (approx): 1659 Square Feet
  • Irregular: Yes
  • Lot Frontage: 36 Feet
  • Lot Size: 0.06 Acres
  • Zoning: RL5
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom 2nd Level 11'4'' x 5'0''
  • Other 2nd Level 11'5'' x 5'10''
  • Bedroom 2nd Level 11'4'' x 8'6''
  • Bedroom 2nd Level 13'8'' x 11'1''
  • Bedroom 2nd Level 11'5'' x 10'4''
  • Other Basement Level 11'4'' x 4'0''
  • Kitchen Basement Level 10'3'' x 5'3''
  • Bathroom Basement Level 9'10'' x 5'8''
  • Bedroom Basement Level 10'4'' x 11'0''
  • Living Basement Level 21'9'' x 10'5''
  • Other Main Level 11'8'' x 6'3''
  • Kitchen Main Level 12'0'' x 10'5''
  • Dining Main Level 10'4'' x 10'3''
  • Living Main Level 12'2'' x 14'5''

Courtesy of: RE/MAX Real Estate Centre Inc.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.