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$395,000
Chatham
92 COPPERFIELD Crescent, Chatham, Ontario, N7M5X6
This 4-bedroom, 2-bathroom home in Chatham is for sale offering roughly 1,659 sq ft of space. Listed at $395,000, it is attractively priced about 16% below the $469,900 median asking price in Chatham. It has been on the market 55 days, fresher than the Chatham average of 77 days.
Well-maintained detached single-family home with a spacious basement in-law suite, currently leased and providing excellent rental income. The main/upper level features 3 bedrooms and 1 bathroom and is currently tenanted at $2,050/month. The basement in-law suite offers 1 bedroom and 1 bathroom and is currently leased for $1,000/month, generating a combined gross rental income of $3,050/month or $36,600 annually. Situated on a large lot with a spacious backyard in a quiet, family-friendly neighbourhood, this home is conveniently located close to schools, parks, shopping, transit, and other amenities. The property has been freshly painted and thoughtfully upgraded, including a 200-amp electrical panel (approximately 2 years old), new sump pump, new electric water heater, 3-year-old heat pump, and an updated basement kitchen and bathroom (approximately 2 years old). New driveway completed in September 2026. A great opportunity for homeowners, investors, or buyers looking for rental income to help offset carrying costs. Immediate rental income and excellent long-term potential in a desirable location. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 77 days across the listings currently for sale in this city
This 4-bed single family in Chatham has been listed for 55 days, which is 22 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $395,000, about 5.6× the local median household income of $71,000.
Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.