#512 118 Riverview Drive, Chatham - Single Family for Sale
#512 118 Riverview Drive, Chatham, Ontario, N7M1A5
2 beds1 bath$449/mo condo feeListed 72 days ago
Overview
This 2-bedroom, 1-bathroom condo in Chatham is for sale. Listed at $149,900, it is attractively priced about 38% below the $239,900 median asking price in Chatham. It has been on the market 72 days, fresher than the Chatham average of 76 days.
Description
Great opportunity for first-time home buyers or retirees looking to downsize and simplify life. Affordable, low-maintenance living in this 2-bedroom, 1-bathroom condo! Conveniently located close to shopping, restaurants, public transit, the Thames River and everyday amenities. If you want to view this great opportunity, call today! (id:66096)
Property Details
- MLS®
- 26020208
- Property Type
- Single Family
- Zoning
- Condo
- Bedrooms
- 2
- Beds (above / below)
- 2 above · 0 below
- Bathrooms
- 1
- Half Baths
- 0
- Year Built
- 1968
- Heating
- Baseboard heaters, Natural gas
- Garage
- Other
- Condo Fee
- $449/mo
- Fee Includes
- Exterior Maintenance, Ground Maintenance, Heat, Electricity, Water, Insurance
- Ownership
- Condo/Strata
- Listed
- 72 days ago
Rooms
Main level
- 4pc Bathroom
- Dining room
- Bedroom
- Bedroom
- Kitchen
- Living room
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features
- Flooring
- Carpeted, Ceramic/Porcelain
- Foundation
- Concrete
- Exterior
- Brick
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
72d
Chatham listings, avg age
76d
List price
$150K
Long Listed: 72 days on market, against an average age of 76 days across the listings currently for sale in this city
Haho
This 2-bed single family in Chatham has been listed for 72 days, which is 4 days fresher than the city average of 76. Act while there is still low competition.
Listed by KW SIGNATURE · JORDAN SILVESTER
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N7M)
This home lists at $149,900, about 2.1× the local median household income of $71,000.
Carrying it typically needs a household income of about $29,281 (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)
$149,900
For saleBook a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Full Cost Breakdown
Loading rates, 30-yr amortization
Down Payment5% · $7,495
Min 5%50%
Mortgage payment$790/mo
↳ CMHC premium ($5,696 capitalized)
Est. property tax$125/mo
Condo fee$449/mo
Total monthly$1,363
Cash Needed to Close
Down payment (5%)$7,495
Land transfer tax$1,224
Est. closing costs$2,950
Total cash needed$11,669
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
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Investment analysis
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$149,900
Chatham