82 Taylor Avenue, Chatham, Ontario, N7L2T8

For saleJust listed

Today

$265K

82 Taylor Avenue, Chatham, Ontario, N7L2T8

Listed by REALTY CONNECTS INC.

153 Adelaide Street South, Chatham, Ontario, N7M4R6

For saleJust listed

3 days ago

$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

5 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

13 days ago

$469K

266 Grand Avenue West, Chatham, Ontario, N7L1C1

Lot size 22,216 sq ft (0.51 ac)

Listed by NEST REALTY INC.

Investment analysis

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$314,000

Chatham

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$314,000

For saleJust listed

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168 Harvey Street, Chatham - Multi-family for Sale

168 Harvey Street, Chatham, Ontario, N7M1M5

Listed Today

Overview

This multi-family property in Chatham is for sale. It has been on the market 0 days, fresher than the Chatham average of 77 days.

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

Description

Well-maintained legal duplex offering two self-contained 2-bedroom units, each with separate hydro meters and private in-suite laundry. The newly renovated upper unit is vacant and move-in ready, making it ideal for an owner-occupant or for securing a new market-rate tenant. The lower unit is occupied by a reliable long-term tenant, providing immediate rental income. The unfinished basement offers abundant storage space, while the detached garage adds valuable parking and storage. Major updates include a roof on the main house completed approximately 3 years ago, a furnace approximately 10 years old, and a garage roof replaced approximately 5 years ago. Whether you're an investor seeking a turnkey income property or a buyer looking to offset your mortgage by living in one unit while renting the other, this legal duplex presents an outstanding opportunity. (id:66096)

Property Details

MLS®: 26027277
Property Type: Multi-family
Zoning: RL3
Units: 2
Year Built: 1915
Storeys: 2
Heating: Baseboard heaters, Electric, Furnace
Garage: Other
Ownership: Freehold
Property Tax: $2,300/yr
Listed: Today

Rooms

Second level

4pc Bathroom
Bedroom: 12.2 x 9.8 feet
Bedroom: 13.4 x 9.8 feet
Living room: 15.7 x 9.6 feet
Dining room: 10.6 x 7.4 feet
Kitchen: 15.9 x 10.6 feet

Main level

4pc Bathroom
Bedroom: 12 x 8 feet
Kitchen: 12.8 x 9.4 feet
Dining room: 11.9 x 11 feet
Bedroom: 12.11 x 7.2 feet

Features

Flooring: Laminate, Cushion/Lino/Vinyl
Foundation: Concrete
Exterior: Brick, Aluminum/Vinyl

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Chatham listings, avg age

77d

List price

$314K

Haho

This multi-family in Chatham has been listed for 0 days, which is 77 days fresher than the city average of 77. Act while there is still low competition.

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Listed by NEST REALTY INC. · CRYSTAL ROBINSON

Location

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Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $314,000, about 4.4× the local median household income of $71,000.

Carrying it typically needs a household income of about $61,335 (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)

$314,000

For sale

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Full Cost Breakdown

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Down Payment5% · $15,700

Min 5%50%

Mortgage payment$1,654/mo

↳ CMHC premium ($11,932 capitalized)

Property tax (est.)$192/mo

Total monthly$1,845

Cash Needed to Close

Down payment (5%)$15,700

Land transfer tax$3,185

Est. closing costs$3,442

Total cash needed$22,327

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