$668,900

For sale

47 Queensway Drive, Strathroy-Caradoc - Single Family for Sale

47 Queensway Drive, Strathroy-Caradoc, Ontario, N7G4M2

5 beds2 baths8 parking1,300 ft²44 × 114 ft (4,953 sq ft) lot sizeListed 77 days ago

Overview

This 5-bedroom, 2-bathroom home in Strathroy-Caradoc is for sale offering roughly 1,300 sq ft of space. It has been on the market 77 days, fresher than the Strathroy-Caradoc average of 92 days.

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Description

Welcome to 47 Queensway Drive, a legally registered double dwelling home offering incredible versatility for investors or buyers looking to significantly offset their monthly mortgage payments. The bright and inviting main level features a seamlessly connected living, dining, and kitchen area highlighted by a convenient breakfast bar. Just off the kitchen, step through the patio doors onto an oversized raised deck overlooking a private, tree-lined backyard offering endless potential to design your dream outdoor oasis. The fully finished lower level functions as a self-contained unit with two bedrooms, a spacious family room with a full 4-piece bath. The existing basement tenant currently pays $1,600/month and is happy to stay, providing instant income on day one. Parking is never an issue here, with room for up to 8 vehicles thanks to a double car garage and a broad driveway accommodating 6 cars. Modern updates throughout mean you can move right in or rent with confidence. Don't miss this turnkey opportunity book your private tour today. (id:66096)

Property Details

MLS®: X13698406
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 44 × 114 ft (4,953 sq ft)
Frontage: 44 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,740/yr

Rooms

Main level

Living room: 5 x 4.5 meters
Dining room: 3 x 3 meters
Kitchen: 3.23 x 3 meters
Primary Bedroom: 5 x 4.5 meters
Bedroom 2: 3.3 x 3.35 meters
Bedroom 3: 3.3 x 3.35 meters

Lower level

Bedroom 4: 5.03 x 3.5 meters
Bedroom 5: 4.75 x 3.1 meters

Basement

Kitchen: 6.04 x 3.23 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Oven - Built-In, Hood Fan, Garage door opener
Foundation: Concrete
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Strathroy-Caradoc listings, avg age

92d

Price / ft²

$515

List price

$669K

Haho

This 5-bed single family in Strathroy-Caradoc has been listed for 77 days, which is 15 days fresher than the city average of 92. Act while there is still low competition.

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Listed by ROYAL LEPAGE FLOWER CITY REALTY · AZFAR IMAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7G)

This home lists at $668,900, about 7.9× the local median household income of $85,000.

Carrying it typically needs a household income of about $130,660 (20% down, 25-yr amortization, stress-tested) — roughly 54% above the area median.

Median household income: $85,000
Population: 19,921
Median age: 44.4
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N7G)

$668,900· $515/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.26% · $41,890

Min 6.26%50%

Mortgage payment$3,476/mo

↳ CMHC premium ($25,080 capitalized)

Property tax (est.)$312/mo

Total monthly$3,788

Cash Needed to Close

Down payment (6.26%)$41,890

Land transfer tax$9,853

Est. closing costs$4,507

Total cash needed$56,250

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