$899,000

For sale

Address not available, Chelmsford - Multi-family for Sale

Chelmsford, Ontario, P0M1L0

2,750 ft²Listed 77 days ago

Overview

This multi-family property in Chelmsford is for sale offering roughly 2,750 sq ft of space. It has been on the market 77 days, fresher than the Chelmsford average of 125 days.

Multi-Family Properties for Sale in Chelmsford →

Chelmsford, Ontario, P0M1L0

Listed by LPT REALTY ULC

For sale

110 days ago

$380K

Chelmsford, Ontario, P0M1L0

900 ft²

Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (est. / yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$899,000

Chelmsford

Book a showing

Description

12 Main Street West and 3576 Errington Avenue are being sold together, offering an excellent mixed-use investment opportunity. The fully rented triplex generates $47,400 in annual gross income, while the 6,000+ sq. ft. commercial building is occupied by an established auto parts business paying approximately $31,000 net annually. Strong, diversified income from both residential and commercial components. Excellent corner exposure with plenty of on-site parking. A solid opportunity for investors looking to add a well-established income-producing property to their portfolio. (id:66096)

Property Details

MLS®: 2129688
Property Type: Multi-family
Zoning: C6 (1)
Interior Size: 2,750 ft²
Frontage: 127 ft
Storeys: 2
Basement: None
Heating: Forced air, Hot Water
Ownership: Freehold
Listed: 77 days ago

Features

Flooring: Laminate
Foundation: Concrete Slab
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Chelmsford listings, avg age

125d

Price / ft²

$327

List price

$899K

Haho

This multi-family in Chelmsford has been listed for 77 days, which is 48 days fresher than the city average of 125. Act while there is still low competition.

Set a price alert Book a showing

Listed by JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE · LUKE SMITH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0M)

This home lists at $899,000, about 10.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 104% above the area median.

Median household income: $86,000
Population: 49,727
Median age: 46.8
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0M)

$899,000· $327/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Est. property tax$749/mo

Total monthly$5,374

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$14,455

Est. closing costs$5,197

Total cash needed$84,552

Get Pre-Approved · Free & Fast

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