$299,900

For sale

54 Patteson Avenue, Chatham - Single Family for Sale

54 Patteson Avenue, Chatham, Ontario, N7M1T5

6 beds1 bath4,792 sq ft (0.11 ac) lot sizeListed 12 days ago

Overview

This 6-bedroom, 1-bathroom home in Chatham is for sale. Listed at $299,900, it is attractively priced about 36% below the $469,900 median asking price in Chatham. It has been on the market 12 days, fresher than the Chatham average of 77 days.

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Description

Welcome to a character-filled two-story home with timeless charm and endless opportunity. Full of original architectural details, this rare 6-bedroom property provides the ultimate canvas for investors, contractors, or ambitious buyers eager to build equity and create their dream home. Step inside to a living room that flows seamlessly into a formal dining area, ideal for daily relaxation and memorable gatherings. The spacious eat-in kitchen comfortably accommodates a breakfast table and offers direct access to the backyard. Highlighting a remarkably flexible layout, the main level hosts 3 generous bedrooms—perfect for primary living, guest rooms, or dedicated home offices—while the second floor features 3 additional bedrooms. Whether you are looking to execute a custom restoration or expand your investment portfolio, a multi-bedroom property with this much square footage and structural character presents unmatched potential. House is being sold ""as is where is"" (id:66096)

Property Details

MLS®: 26025639
Property Type: Single Family
Zoning: RL3
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 1
Lot Size: 4,792 sq ft (0.11 ac)
Year Built: 1920
Storeys: 1
Heating: Natural gas, Furnace
Cooling: Central air conditioning
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,112.82/yr
Listed: 12 days ago

Rooms

Basement

Laundry room: 7 x 8 feet

Second level

Bedroom: 13.1 x 9 feet
Bedroom: 11 x 9.8 feet
Bedroom: 11.2 x 7 feet

Main level

3pc Bathroom: 7.8 x 8.2 feet
Bedroom: 8.8 x 9.7 feet
Bedroom: 9.8 x 11.4 feet
Bedroom: 9.3 x 10 feet
Kitchen/Dining room: 17 x 14.8 feet
Dining room

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Flooring: Hardwood, Laminate
Foundation: Block
Exterior: Aluminum/Vinyl
Lot Features: Rear Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Chatham listings, avg age

77d

List price

$300K

Haho

This 6-bed single family in Chatham has been listed for 12 days, which is 65 days fresher than the city average of 77. Act while there is still low competition.

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Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage · ASHLEY AMATO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $299,900, about 4.2× the local median household income of $71,000.

Carrying it typically needs a household income of about $58,581 (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)

$299,900

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$176/mo

Total monthly$1,756

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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