$149,999

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#204 2 Chittim Street, Chatham-Kent (Blenheim) - Single Family for Sale

#204 2 Chittim Street, Chatham-Kent (Blenheim), Ontario, N0P1A0

2 beds1 bath parking

#303 2 Chittim Road, Chatham-Kent (Blenheim), Ontario, N0P1A0

3 bd2 ba1 pk1,100 ft²+$640/mo

Listed by RE/MAX HALLMARK REALTY LTD.

#104 2 Chittim Road, Chatham-Kent (Blenheim), Ontario, N0P1A0

For sale

11 days ago

$159K

#104 2 Chittim Road, Chatham-Kent (Blenheim), Ontario, N0P1A0

2 bd1 ba1 pk850 ft²+$486/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$149,999

Chatham-Kent

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Overview

This 2-bedroom, 1-bathroom condo in Chatham-Kent is for sale offering roughly 850 sq ft of space. Listed at $149,999, it is attractively priced about 6% below the $159,000 median asking price in Chatham-Kent. It has been on the market 1 day, fresher than the Chatham-Kent average of 50 days.

Condos for Sale in Chatham-Kent →All real estate in Chatham-Kent →

Description

Attention Investors & First-Time Buyers! An excellent opportunity to enter the market or expand your investment portfolio. This2-bedroom condo in a boutique building offers plenty of potential to renovate, modernize and add value. Featuring a functional layout and convenient in-suite laundry, this property is a great opportunity for buyers looking to make it their own. Ideally located in the growing community of Blenheim, with easy access to Highway 401, downtown Chatham, shopping and schools. Excellent investment opportunity! Currently occupied by a great, long-term tenant of 20 years who is willing to stay or vacate with proper notice. Ideal for investors seeking immediate rental income or buyers looking to explore future potential. Don't miss out! (id:66096)

Property Details

MLS®: X14144064
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Condo Fee: $440/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $702.89/yr
Listed: Yesterday

Area context

Neighbourhood profile (N0P)

This home lists at $149,999, about 1.9× the local median household income of $80,000.

Carrying it typically needs a household income of about $29,300 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $80,000
Population: 53,140
Median age: 46
Owner / renter: 81% / 19%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N0P)

$149,999· $177/ft²

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Full Cost Breakdown

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Down Payment5% · $7,499.95

Min 5%50%

Mortgage payment$790/mo

↳ CMHC premium ($5,700 capitalized)

Property tax (est.)$59/mo

Condo fee$440/mo

Total monthly$1,288

Cash Needed to Close

Down payment (5%)$7,500

Land transfer tax$1,225

Est. closing costs$2,950

Total cash needed$11,675

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

#204 2 Chittim Street, Chatham-Kent (Blenheim) - Single Family for Sale

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