$375,000

$399,000For salePrice drop↓ $24,000 (6%)

15 MONARCH Drive, Chatham - Single Family for Sale

15 MONARCH Drive, Chatham, Ontario, N7L5G6

4 beds2 baths5,837 sq ft (0.13 ac) lot sizeListed 58 days ago

Overview

This 4-bedroom, 2-bathroom home in Chatham is for sale. Listed at $375,000, it is attractively priced about 20% below the $469,900 median asking price in Chatham. It has been on the market 58 days, fresher than the Chatham average of 77 days.

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Description

Welcome home to this charming, move-in-ready property located on a quiet street in the north side of Chatham, close to McNaughton Public School, shopping, restaurants, and everyday amenities. Offering 4 bedrooms and 2 bathrooms, this home provides plenty of space for the whole family. Inside, you’ll love the warmth and character of the natural hardwood floors, along with a cute and functional kitchen that makes everyday living a breeze. Step outside and enjoy your own private backyard retreat! The fully fenced yard features an inground pool, perfect for relaxing, entertaining, and making the most of those summer days. A long concrete driveway provides plenty of parking, while the quiet street and convenient northside location make this a fantastic place to call home. 2+2 Bedrooms | 2 Bathrooms | Inground Pool | Fully Fenced Yard | Natural Hardwood | Long Concrete Driveway | Move-In Ready This one is cute, convenient, and ready for its next family! (id:66096)

Property Details

MLS®: 26021764
Property Type: Single Family
Zoning: RL2
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Half Baths: 1
Lot Size: 5,837 sq ft (0.13 ac)
Year Built: 1985
Style: Raised ranch
Heating: Natural gas, Furnace
Cooling: Central air conditioning, Fully air conditioned
Garage: Attached Garage, Garage, Inside Entry
Pool: Yes
Ownership: Freehold
Property Tax: $4,200/yr
Listed: 58 days ago

Rooms

Lower level

Recreation room: 15.1 x 21.4 feet
2pc Bathroom: 10.3 x 5 feet
Bedroom: 12 x 12 feet
Laundry room: 10.4 x 9 feet
Bedroom: 10.5 x 11 feet

Main level

Foyer: 9.2 x 4 feet
Bedroom: 10.6 x 9 feet
4pc Bathroom: 9 x 7 feet
Living room: 12.5 x 22.5 feet
Bedroom: 12 x 13.4 feet

Features

Flooring: Hardwood, Carpeted
Foundation: Block
Exterior: Brick, Aluminum/Vinyl
Lot Features: Concrete Driveway, Front Driveway, Single Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Chatham listings, avg age

77d

List price

$375K

Haho

This 4-bed single family in Chatham has been listed for 58 days, which is 19 days fresher than the city average of 77. Act while there is still low competition.

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Listed by LATITUDE REALTY INC. · JOEY KLOOSTRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7L)

This home lists at $375,000, about 5.5× the local median household income of $68,500.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $68,500
Population: 25,127
Median age: 47.2
Owner / renter: 66% / 34%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N7L)

$375,000

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$350/mo

Total monthly$2,325

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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