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$269,900
Chatham
196/198 PARK Street, Chatham, Ontario, N7M3R9
This multi-family property in Chatham is for sale. It has been on the market 16 days, fresher than the Chatham average of 77 days.
Opportunity awaits for anyone looking to invest in Chatham-Kent or live in one side while letting the neighbour help pay down the mortgage! This side-by-side duplex is completely set up for easy living with no shared equipment. Both sides feature a classic two storey layout with 3 bedrooms upstairs, 2 bathrooms, and their own private laundry hookups. Hydro, water, and gas are all separately metered, plus each unit has its own dedicated furnace and central air conditioning unit. Unit 196 on the right is freshly renovated and move-in ready, featuring new flooring, an updated bathroom, and more! Unit 198 on the left is currently tenanted month-to-month for $1,260.75 per month plus utilities, providing reliable income right from day one. Tucked away with convenient parking behind the property for multiple vehicles, you are close to local Chatham-Kent amenities, public transit, local schools, and quick Highway 401 access. Whether you are looking for a smart house-hacking setup or a hassle-free addition to your portfolio, this property delivers incredible value. Call today! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 77 days across the listings currently for sale in this city
This multi-family in Chatham has been listed for 16 days, which is 61 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $269,900, about 3.8× the local median household income of $71,000.
Carrying it typically needs a household income of about $52,721 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA N7M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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