$359,000

$384,000For salePrice drop↓ $25,000 (7%)

48 SOVEREEN Street, Delhi - Single Family for Sale

48 SOVEREEN Street, Delhi, Ontario, N4B1L6

5 beds2 baths2 parking1,690 ft²Listed 22 days ago

Overview

This 5-bedroom, 2-bathroom home in Delhi is for sale offering roughly 1,690 sq ft of space. It has been on the market 22 days, fresher than the Delhi average of 85 days.

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Description

INVESTMENT OPPORTUNITY IN THE HEART OF DELHI! Whether you’re a seasoned investor looking to expand your portfolio or a buyer seeking a property with income potential, this side-by-side duplex is full of possibilities! Offering a total of 5 bedrooms and 2 bathrooms, this property provides flexible living arrangements with the added convenience of separate hydro meters. Each unit offers an opportunity to generate rental income, making this an attractive option for investors or those looking to live in one unit while renting out the other. With a little TLC and your personal touch, this property has the potential to truly shine! Conveniently located in the welcoming community of Delhi, close to local amenities, shopping, schools, and parks. Bring your vision and unlock the possibilities this property has to offer. A fantastic opportunity to build equity and invest in your future! (id:66096)

Property Details

MLS®: 40871038
Property Type: Single Family
Zoning: R1
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,690 ft²
Frontage: 121 ft
Storeys: 2
Style: Bungalow
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Garage: None
Ownership: Freehold
Property Tax: $2,235/yr
Listed: 22 days ago

Rooms

Main level

3pc Bathroom
Bedroom: 8'0'' x 7'0''
4pc Bathroom
Bedroom: 9'0'' x 10'4''
Bedroom: 8'4'' x 10'6''
Living room: 12'0'' x 12'5''
Kitchen: 16'4'' x 17'7''
Living room: 11'0'' x 15'2''
Kitchen: 8'0'' x 15'2''

Second level

Bedroom: 7'0'' x 17'3''
Bedroom: 12'6'' x 9'7''

Features

Exterior: Wood, Aluminum siding, Vinyl siding, Metal
Lot Features: Crushed stone driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Delhi listings, avg age

85d

Price / ft²

$212

List price

$359K

Haho

This 5-bed single family in Delhi has been listed for 22 days, which is 63 days fresher than the city average of 85. Act while there is still low competition.

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Listed by Royal LePage Trius Realty Brokerage · Alicia Flynn

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N4B)

This home lists at $359,000, about 4.6× the local median household income of $78,000.

Carrying it typically needs a household income of about $70,125 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $78,000
Population: 8,223
Median age: 44.4
Owner / renter: 81% / 19%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N4B)

$359,000· $212/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,950

Min 5%50%

Mortgage payment$1,891/mo

↳ CMHC premium ($13,642 capitalized)

Property tax (est.)$186/mo

Total monthly$2,077

Cash Needed to Close

Down payment (5%)$17,950

Land transfer tax$3,860

Est. closing costs$3,577

Total cash needed$25,387

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