$279,900

For sale

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111 St George Street, Chatham - Multi-family for Sale

111 St George Street, Chatham, Ontario, N7M4P3

4,269 sq ft lot sizeListed 86 days ago

Overview

This multi-family property in Chatham is for sale.

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Investment analysis

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$279,900

Chatham

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Description

This income property offers two 2 bedroom units, with modern aesthetic updates done to the main floor. The upstairs could benefit from a little sprucing up, but both are in great shape. The front and back yard have been well maintained. Showing requests must be 48 hours in advance to respect appropriate tenant notice. Property being sold in **AS IS** condition. Current rental income approximately $1500/month. (id:66096)

Rooms

Second level

Foyer: 11.3 x 5.4 feet
4pc Bathroom: 9.4 x 5.2 feet
Bedroom: 9.2 x 8.5 feet
Other: 11.6 x 5.3 feet
Bedroom: 11.9 x 10.6 feet
Kitchen: 9.2 x 8.4 feet
Living room: 11.8 x 9.1 feet

Main level

Laundry room: 13 x 5.4 feet
Bedroom: 10.3 x 8.7 feet
Bedroom: 10.9 x 9.3 feet
Foyer: 6.6 x 6 feet
Living room: 13.7 x 10.9 feet
Dining room: 11.1 x 10.9 feet
4pc Bathroom: 6.7 x 4.9 feet
Kitchen: 7.9 x 6.7 feet

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 $279,900, about 3.9× the local median household income of $71,000.

Carrying it typically needs a household income of about $54,674 (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)

$279,900

For sale

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Full Cost Breakdown

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Down Payment5% · $13,995

Min 5%50%

Mortgage payment$1,474/mo

↳ CMHC premium ($10,636 capitalized)

Property tax (est.)$155/mo

Total monthly$1,630

Cash Needed to Close

Down payment (5%)$13,995

Land transfer tax$2,674

Est. closing costs$3,340

Total cash needed$20,009

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

111 St George Street, Chatham - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (N7M)

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Full Cost Breakdown