$339,000

For sale

79 FOREST Street, Chatham - Single Family for Sale

79 FOREST Street, Chatham, Ontario, N7L2A3

4 beds2 baths4,356 sq ft (0.10 ac) lot sizeListed 58 days ago

Overview

This 4-bedroom, 2-bathroom home in Chatham is for sale. Listed at $339,000, it is attractively priced about 28% below the $469,900 median asking price in Chatham. It has been on the market 58 days, fresher than the Chatham average of 77 days.

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Description

Welcome to 79 Forest Street, a charming front-porch home ideally situated in a beautiful, established Chatham neighbourhood, just one block from one of the city’s most picturesque tree-lined streets. Enjoy an easy stroll through the neighbourhood to downtown Chatham’s restaurants, shops, entertainment and local activities. Inside, this classic home offers a comfortable and functional layout with two main-floor bedrooms, a full bathroom and an open living, dining and kitchen area. Upstairs, you’ll find a spacious third loft-style bedroom featuring a sitting area, three skylights and its own 4-piece bathroom, creating a quiet and private retreat. The full basement provides plenty of additional space for storage and laundry, along with a versatile area for a playroom, home gym or hobby space. Outside, enjoy the cozy, low-maintenance, fully fenced backyard complete with a storage shed and plenty of privacy. A durable metal roof adds to the home's appeal and ease of ownership. Full of character and conveniently located close to downtown, 79 Forest Street is a wonderful opportunity to enjoy comfortable living in the heart of Chatham. (id:66096)

Property Details

MLS®: 26021748
Property Type: Single Family
Zoning: RES
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Lot Size: 4,356 sq ft (0.10 ac)
Year Built: 1920
Storeys: 1
Heating: Forced air, Natural gas, Furnace
Cooling: Fully air conditioned
Ownership: Freehold
Property Tax: $2,539/yr
Listed: 58 days ago

Rooms

Second level

3pc Bathroom
Bedroom: 16 x 14 feet

Main level

3pc Bathroom
Bedroom: 9.8 x 8.8 feet
Dining room: 13 x 10.5 feet
Kitchen: 10.3P
Living room: 14 x 12 feet

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

Features

Flooring: Hardwood, Laminate, Cushion/Lino/Vinyl
Foundation: Block, Concrete
Exterior: Brick
Lot Features: Finished Driveway, Front Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Chatham listings, avg age

77d

List price

$339K

Haho

This 4-bed single family in Chatham has been listed for 58 days, which is 19 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 · AUSTIN BENTLEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7L)

This home lists at $339,000, about 4.9× the local median household income of $68,500.

Carrying it typically needs a household income of about $66,219 (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)

$339,000

For sale

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Full Cost Breakdown

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Down Payment5% · $16,950

Min 5%50%

Mortgage payment$1,786/mo

↳ CMHC premium ($12,882 capitalized)

Property tax (est.)$212/mo

Total monthly$1,997

Cash Needed to Close

Down payment (5%)$16,950

Land transfer tax$3,560

Est. closing costs$3,517

Total cash needed$24,027

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