$185,000

$202,900For salePrice drop↓ $17,900 (9%)

656 MCNAUGHTON Avenue East, Chatham - Single Family for Sale

656 MCNAUGHTON Avenue East, Chatham, Ontario, N7L0E4

2 beds1 bath9,148 sq ft (0.21 ac) lot sizeListed 51 days ago

Overview

This 2-bedroom, 1-bathroom home in Chatham is for sale. It has been on the market 51 days, fresher than the Chatham average of 77 days.

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Description

Investors, first time home buyers, down sizers, etc, this one might work for you! This 2 bedroom, 1 bathroom home with a loft/den is ready to be finished and loved. Large backyard, backing onto a field, the possibilities are endless. Grab your hammer, grab your saw, and your imagination. Located close to shopping, schools, parks & amenities, this property combines comfort, location & opportunity in one great package. Whether you are a renovator, investor, or buyer w/a vision, this is your chance to bring new life to a home with heart, history & future potential. Property is being sold “as is, where is.” The Seller makes no claims, guarantees or assurances about any aspect of the condition or state of the property. Buyers are to complete their own due diligence to their total satisfaction. (id:66096)

Property Details

MLS®: 26022461
Property Type: Single Family
Zoning: R1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Lot Size: 9,148 sq ft (0.21 ac)
Year Built: 1935
Storeys: 1
Heating: Natural gas, Ductless
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,824/yr
Listed: 51 days ago

Rooms

Second level

Den: 9.1 x 21 feet

Main level

Bedroom: 9.9 x 12.3 feet
Bedroom: 13.4 x 7.9 feet
3pc Bathroom: 8.3 x 5 feet
Living room/Fireplace: 15.3 x 16.3 feet
Kitchen: 13.4 x 12.5 feet
Laundry room: 4.5 x 7.7 feet
Mud room: 15.8 x 7.6 feet

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

Features

Flooring: Other
Foundation: Block
Exterior: Other, Aluminum/Vinyl
Lot Features: Gravel Driveway

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Chatham listings, avg age

77d

List price

$185K

Haho

This 2-bed single family in Chatham has been listed for 51 days, which is 26 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 $185,000, about 2.7× the local median household income of $68,500.

Carrying it typically needs a household income of about $36,137 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$185,000

For sale

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Full Cost Breakdown

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Down Payment5% · $9,250

Min 5%50%

Mortgage payment$974/mo

↳ CMHC premium ($7,030 capitalized)

Property tax (est.)$152/mo

Total monthly$1,126

Cash Needed to Close

Down payment (5%)$9,250

Land transfer tax$1,575

Est. closing costs$3,055

Total cash needed$13,880

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