153 Adelaide Street South, Chatham, Ontario, N7M4R6

For saleJust listed

Yesterday

$300K

153 Adelaide Street South, Chatham, Ontario, N7M4R6

Lot size 5,009 sq ft (0.11 ac)

Listed by RE/MAX PREFERRED REALTY LTD.

162 Park Street, Chatham, Ontario, N7M3R8

For saleJust listed

4 days ago

$590K

162 Park Street, Chatham, Ontario, N7M3R8

Lot size 8,276 sq ft (0.19 ac)

Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage

266 Grand Avenue West, Chatham, Ontario, N7L1C1

For sale

12 days ago

$469K

266 Grand Avenue West, Chatham, Ontario, N7L1C1

Lot size 22,216 sq ft (0.51 ac)

Listed by NEST REALTY INC.

26 Kendall Street, Chatham, Ontario, N7M2X5

For sale

13 days ago

$649K

26 Kendall Street, Chatham, Ontario, N7M2X5

Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage

Investment analysis

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$450,000

Chatham

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$450,000

For sale

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135 William Street South, Chatham - Multi-family for Sale

135 William Street South, Chatham, Ontario, N7M4S7

10,019 sq ft (0.23 ac) lot sizeListed 138 days ago

Overview

This multi-family property in Chatham is for sale.

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

Description

Excellent investment opportunity to own this fully tenanted fourplex after 30 years of ownership which is situated close to the downtown core of Chatham & is close to shopping, public transit, restaurants, theatres, a brewery & parks which host many festivals!! This well maintained brick building features one bachelor apartment, 2 one bedroom units & 1 two bedroom unit. Two of the units have been recently renovated. In 2 of the units the tenants pay their own hydro and 2 units are all inclusive. The net income of this building is very solid with the possibility of earning more if you choose to further the other 2 units. Parking out back with the entrance off of Charteris Street for each tenant. Purchaser to assume all tenants. Owners reserve the right to accept or reject any & all offers. Please note that the tenants require a full 24 hours notice for all showings. Please call, text or email today to book your personal showing. All rents & expenses have been calculated & available. (id:66096)

Property Details

MLS®: 26014660
Property Type: Multi-family
Zoning: RL3
Lot Size: 10,019 sq ft (0.23 ac)
Units: 4
Year Built: 1930
Storeys: 2
Heating: Boiler, Natural gas
Garage: Other
Ownership: Freehold
Property Tax: $3,641.7/yr
Listed: 138 days ago

Features

Flooring: Laminate, Carpeted, Ceramic/Porcelain, Cushion/Lino/Vinyl
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

138d

Chatham listings, avg age

76d

List price

$450K

Haho

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Listed by Gagner & Associates Excel Realty Services Inc. (Blenheim) · RYAN JONES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $450,000, about 6.3× the local median household income of $71,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$450,000

For sale

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Full Cost Breakdown

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Down Payment5% · $22,500

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$303/mo

Total monthly$2,674

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$5,475

Est. closing costs$3,850

Total cash needed$31,825

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