$84,900

For sale

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#212 276 Merritt Avenue, Chatham-Kent (Chatham) - Single Family for Sale

#212 276 Merritt Avenue, Chatham-Kent (Chatham), Ontario, N7M3G1

1 bed1 bath1 parking condo fee

#306 276 Merritt Avenue, Chatham-Kent (Chatham), Ontario, N7M3G1

1 bd1 ba1 pk+$423/mo

Listed by ACCSELL REALTY INC.

Investment analysis

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$84,900

Chatham-Kent

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Overview

This 1-bedroom, 1-bathroom condo in Chatham-Kent is for sale. Listed at $84,900, it is attractively priced about 15% below the $99,900 median asking price in Chatham-Kent.

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

Property Details

MLS®: X13133192
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Condo Fee: $427/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $910.42/yr
Listed: 173 days ago

Rooms

Main level

Bedroom: 3.83 x 3.63 meters
Dining room: 2.76 x 4.27 meters
Living room: 3.64 x 4.19 meters
Kitchen: 2.17 x 2.18 meters
Bathroom: 2.31 x 1.51 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Area context

Neighbourhood profile (N7M)

This home lists at $84,900, about 1.2× the local median household income of $71,000.

Carrying it typically needs a household income of about $16,584 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$84,900

For sale

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Full Cost Breakdown

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Down Payment5% · $4,245

Min 5%50%

Mortgage payment$447/mo

↳ CMHC premium ($3,226 capitalized)

Property tax (est.)$76/mo

Condo fee$427/mo

Total monthly$950

Cash Needed to Close

Down payment (5%)$4,245

Land transfer tax$574

Est. closing costs$2,755

Total cash needed$7,574

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#212 276 Merritt Avenue, Chatham-Kent (Chatham) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Neighbourhood profile (N7M)

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