$484,900

For sale

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48 Wilson Avenue, Chatham - Multi-family for Sale

48 Wilson Avenue, Chatham, Ontario, N7L1K7

lot size

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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$484,900

Chatham

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7,710 sq ft (0.17 ac)

Overview

This multi-family property in Chatham is for sale. It has been on the market 60 days, fresher than the Chatham average of 76 days.

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

Description

Welcome to 48 Wilson Ave, a storey and a half Duplex with a ton of space, storage, large rooms and a huge 28x 36 garage. Located in Central Chatham on the north side, it is close to everything; food, shopping and schools. Well maintained, the wiring and plumbing have been updated, furnaces and Ac units have been serviced, vinyl siding is in good condition, all windows are in excellent condition with some updated to vinyl and the shingled roof on the home is approximately 6 years old (Garage is app 15 years old). Each unit has 2 bedrooms, and 1 bath. This Duplex is family friendly, has separate driveways, separate metering, a large back yard and that 1 car, extra-large garage. One unit includes the back yard at $1250/month, and the second unit includes the garage for $1550/month. Please allow 24 hours' notice for all showings, please be respectful by removing shoes and turn out the lights when you leave. Book your personal showing today and don't miss out. (id:66096)

Property Details

MLS®: 26021705
Property Type: Multi-family
Zoning: RL3
Lot Size: 7,710 sq ft (0.17 ac)
Units: 2
Year Built: 1950
Storeys: 1
Heating: Forced air, Natural gas, Furnace
Cooling: Central air conditioning
Garage: Other
Ownership: Freehold
Property Tax: $2,880/yr
Listed: 60 days ago

Rooms

Second level

Bedroom
Bedroom
Bedroom
Bedroom

Main level

Living room
Living room
Kitchen
Kitchen

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate, Cushion/Lino/Vinyl
Exterior: Aluminum/Vinyl

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

60d

Chatham listings, avg age

76d

List price

$485K

Haho

This multi-family in Chatham has been listed for 60 days, which is 16 days fresher than the city average of 76. Act while there is still low competition.

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Listed by GAGNER & ASSOCIATES EXCEL REALTY SERVICES INC. Brokerage · MICHAEL EVES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7L)

This home lists at $484,900, about 7.1× the local median household income of $68,500.

Carrying it typically needs a household income of about $94,718 (20% down, 25-yr amortization, stress-tested) — roughly 38% 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)

$484,900

For sale

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Full Cost Breakdown

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Down Payment5% · $24,245

Min 5%50%

Mortgage payment$2,554/mo

↳ CMHC premium ($18,426 capitalized)

Property tax (est.)$240/mo

Total monthly$2,794

Cash Needed to Close

Down payment (5%)$24,245

Land transfer tax$6,173

Est. closing costs$3,955

Total cash needed$34,373

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