$719,600

For sale

10-16 Orchard Place, Chatham-Kent - Multi-family for Sale

10-16 Orchard Place, Chatham-Kent, Ontario, N7M1A6

4 parking4,416 ft²Listed 77 days ago

Overview

This multi-family property in Chatham-Kent is for sale offering roughly 4,416 sq ft of space. It has been on the market 77 days, fresher than the Chatham-Kent average of 100 days.

Multi-Family Properties for Sale in Chatham-Kent →All real estate in Chatham-Kent →

Description

This is a Condominium Townhome Assembly comprising of 4 separate row townhomes out of a block of 6. Townhomes 43 & 45 DO NOT not form part of this resale. Each townhome has it's own maintenance fee, property taxes, and separately metered utility services. There are 4 separate Legal Descriptions/ Titles. Room Dimensions/ Descriptions shown here in are for a single (1 of 4) Condominium Townhomes. Four out of a block of Six all brick centrally located well established 2 storey, 3 bedroom, 2washroom condominium townhomes each with own exclusive parking, and sizeable useable/unfinished basement, laundry area, and gas forced air heating. Designated surface parking immediately in front, walk-out to rear garden, grounds maintained by condominium corporation with low maintenance/ condo fees. Walk to the Thames River, Tim Hortons, public transit, schools, places of worship, shopping, and other community amenities. Safety services are within 2 kms distance. (id:66096)

Property Details

MLS®: X13691726
Property Type: Multi-family
Business Type: Residential
Zoning: RM1 - Residential
Parking: 4
Interior Size: 4,416 ft²
Building Area: 4,416 ft²
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $1,393.74/yr
Listed: 77 days ago

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Chatham-Kent listings, avg age

100d

Price / ft²

$163

List price

$720K

Haho

This multi-family in Chatham-Kent has been listed for 77 days, which is 23 days fresher than the city average of 100. Act while there is still low competition.

Set a price alert Book a showing

Listed by ROYAL LEPAGE TERREQUITY REALTY · MAROOF MOHAMMED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $719,600, about 10.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $140,563 (20% down, 25-yr amortization, stress-tested) — roughly 98% above the area median.

Median household income: $71,000
Population: 25,579
Median age: 44
Owner / renter: 67% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N7M)

$719,600· $163/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.53% · $46,960

Min 6.53%50%

Mortgage payment$3,729/mo

↳ CMHC premium ($26,906 capitalized)

Property tax (est.)$116/mo

Total monthly$3,845

Cash Needed to Close

Down payment (6.53%)$46,960

Land transfer tax$10,867

Est. closing costs$4,659

Total cash needed$62,486

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator