$399,900

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Address not available, Chelmsford - Single Family for Sale

Chelmsford, Ontario, p0m1l0

3 beds2 baths350 ft²Listed Today

Chelmsford, Ontario, P0M1L0

3 bd2 ba900 ft²

Listed by RE/MAX CROWN REALTY INC. (SUDBURY)

For sale

7 days ago

$300K

Chelmsford, Ontario, P0M1L0

4 bd2 ba900 ft²

Listed by RE/MAX CROWN REALTY INC. (SUDBURY)

For sale

7 days ago

$539K

Chelmsford, Ontario, P0M1L0

4 bd2 ba1,300 ft²

Listed by YOUR MOVE REALTY INC., BROKERAGE

For salePrice drop

15 days ago

$265K$285K

↓ $20K (7%) price drop

Chelmsford, Ontario, P0M1L0

2 bd1 ba900 ft²

Listed by CENTURY 21 SELECT REALTY LTD, BROKERAGE

Investment analysis

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$399,900

Chelmsford

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Overview

This 3-bedroom, 2-bathroom home in Chelmsford is for sale offering roughly 350 sq ft of space. Listed at $399,900, it is attractively priced about 25% below the $529,900 median asking price in Chelmsford. It has been on the market 0 days, fresher than the Chelmsford average of 125 days.

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Description

Cozy starter/retirement home walking distance to shopping and schools. Open concept main floor features a spacious eat-in kitchen with island, walk-in pantry and walk-out to covered deck overlooking fenced backyard. Carpet free main floor with spacious living room, 2 piece powder room. The lower level features 3 bedrooms, the primary has double closets, laundry area, as well as a 4 piece bathroom. The home has efficient natural gas hot water in floor heating in the lower level and electric baseboard heating on the main level. Small detached garage perfect to store all of your toys and equipment. (id:66096)

Rooms

Lower level

4pc Bathroom: 8.8 x 5.2
Bedroom: 9 x 9.6
Bedroom: 10 x 9

Main level

Pantry: 5 x 5
2pc Bathroom: 5 x 4
Dining room: 12.3 x 11.6
Living room: 18 x 11.6
Kitchen: 12.3 x 9.3

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

Area context

Neighbourhood profile (P0M)

This home lists at $399,900, about 4.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$399,900· $1,143/ft²

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Est. property tax$333/mo

Total monthly$2,440

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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

Address not available, Chelmsford - Single Family for Sale

Rental cashflow calculator

Description

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