$94,999

For sale

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#116 276 MERRITT Avenue, Chatham - Single Family for Sale

#116 276 MERRITT Avenue, Chatham, Ontario, N7M3G1

2 beds1 bath condo fee

#26 21 EARL Drive, Chatham, Ontario, N7M6E7

2 bd2 ba+$437/mo

Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage

#201 10 Van Allen Avenue, Chatham, Ontario, N7L5K1

For saleJust listed

Yesterday

$365K

#201 10 Van Allen Avenue, Chatham, Ontario, N7L5K1

2 bd2 ba+$510/mo

Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage

#10 79 Baldoon Road, Chatham, Ontario, N7L1E2

For saleJust listed

Yesterday

$200K

#10 79 Baldoon Road, Chatham, Ontario, N7L1E2

2 bd+$459/mo

Listed by GAGNER & ASSOCIATES EXCEL REALTY SERVICES INC. Brokerage

#1 65 Baldoon Road, Chatham, Ontario, N7L1E2

For sale

9 days ago

$235K

#1 65 Baldoon Road, Chatham, Ontario, N7L1E2

3 bd1 ba+$557/mo

Listed by NEST REALTY INC.

Investment analysis

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$94,999

Chatham

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Overview

This 2-bedroom, 1-bathroom condo in Chatham is for sale. It has been on the market 21 days, fresher than the Chatham average of 76 days.

Condos for Sale in Chatham →All real estate in Chatham →

Description

Affordable homeownership starts here! Offering some of the best value currently available in the building, this spacious 2-bedroom, 1-bathroom condo features a renovated kitchen with updated appliances, a modernized bathroom, generously sized bedrooms, and plenty of natural light. With a functional layout and move-in-ready interior, this unit is ideal for first-time buyers, downsizers, or investors. Monthly ownership costs may even compare favourably to renting. (id:66096)

Property Details

MLS®: 26025279
Property Type: Single Family
Zoning: CONDO
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Half Baths: 0
Heating: Baseboard heaters, Electric
Garage: Open
Condo Fee: $548/mo
Fee Includes: Exterior Maintenance, Property Management, Ground Maintenance
Ownership: Condo/Strata
Listed: 21 days ago

Rooms

Main level

4pc Bathroom
Primary Bedroom
Bedroom
Kitchen
Dining room
Living room
Foyer

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

Features

Flooring: Laminate, Ceramic/Porcelain, Cushion/Lino/Vinyl
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Chatham listings, avg age

76d

List price

$95K

Haho

This 2-bed single family in Chatham has been listed for 21 days, which is 55 days fresher than the city average of 76. Act while there is still low competition.

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Listed by KW SIGNATURE · CRYSTAL ESKHARIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $94,999, about 1.3× the local median household income of $71,000.

Carrying it typically needs a household income of about $18,557 (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)

$94,999

For sale

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Full Cost Breakdown

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Down Payment5% · $4,749.95

Min 5%50%

Mortgage payment$500/mo

↳ CMHC premium ($3,610 capitalized)

Est. property tax$79/mo

Condo fee$548/mo

Total monthly$1,128

Cash Needed to Close

Down payment (5%)$4,750

Land transfer tax$675

Est. closing costs$2,785

Total cash needed$8,210

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice