$249,900

$264,900For salePrice drop↓ $15,000 (6%)

87 Gray Street, Chatham - Single Family for Sale

87 Gray Street, Chatham, Ontario, N7M1T1

3 beds1 bath4,182 sq ft lot sizeListed 52 days ago

Overview

This 3-bedroom, 1-bathroom home in Chatham is for sale. It has been on the market 52 days, fresher than the Chatham average of 77 days.

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Description

Welcome to 87 Gray Street, a spacious 3-bedroom home offering an impressive list of recent updates and a fantastic amount of indoor and outdoor living space. Extensively renovated, this home is an excellent opportunity for buyers looking for a property where the major work has already been taken care of. The main floor features a bright and functional layout with a newly renovated kitchen, fresh paint and new flooring throughout. A newly built bathroom adds modern convenience, while new plumbing and electrical provide peace of mind. The home is also equipped with a new 2-in-1 outdoor furnace and air conditioning system, along with a new on-demand tankless hot water system. Step outside and enjoy the huge backyard, complete with brand-new fencing and plenty of room for entertaining, children or pets. A large deck with a convenient patio door walkout creates an ideal space for summer BBQs and outdoor gatherings. The property also offers a new gravel parking area for added convenience. With extensive renovations already completed and plenty of outdoor space to enjoy, 87 Gray Street is truly move-in ready and waiting for its next owner! (id:66096)

Property Details

MLS®: 26022395
Property Type: Single Family
Zoning: RL3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Lot Size: 4,182 sq ft
Storeys: 1
Heating: Forced air, Natural gas, Furnace
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $1,416.85/yr
Listed: 52 days ago

Rooms

Second level

Bedroom: 13.7 x 11.1 feet
Bedroom: 8.7 x 6.1 feet
Bedroom: 11.1 x 8.6 feet

Main level

Living room: 14.5 x 11.7 feet
4pc Bathroom: 11.7 x 5.1 feet
Dining room: 17 x 11 feet
Kitchen: 15.3 x 11.5 feet

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

Features

Flooring: Cushion/Lino/Vinyl
Exterior: Aluminum/Vinyl
Lot Features: Gravel Driveway

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Chatham listings, avg age

77d

List price

$250K

Haho

This 3-bed single family in Chatham has been listed for 52 days, which is 25 days fresher than the city average of 77. Act while there is still low competition.

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Listed by MATCH REALTY INC. · MATTHIEU BECHARD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $249,900, about 3.5× the local median household income of $71,000.

Carrying it typically needs a household income of about $48,814 (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)

$249,900

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$118/mo

Total monthly$1,434

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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