Well-maintained detached home with two income-generating units, ideal for investors. The upper unit features 3 bedrooms and 1 bathroom and is currently tenanted at $2,050/month. The lower-level unit offers 1 bedroom and 1 bathroom and is also rented for $1,000/month, generating a strong gross annual income of $36,600. Situated on a large lot with a spacious backyard in a quiet, family-friendly neighbourhood, this property is conveniently located close to schools, parks, shopping, and other amenities. Freshly painted and thoughtfully upgraded for peace of mind, recent improvements include a 200-amp electrical panel (2 years old), new sump pump, new electric water heater, a 3-year-old heat pump, and updated basement kitchen and bathroom (2 years old). A turnkey investment opportunity offering immediate rental income, solid cash flow potential, and long-term value in a desirable location.
| MLS # | 40803023 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 195 |
| Listing Provided By | RE/MAX Real Estate Centre Inc. | Phoebe Okereke |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,159 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RL5 |
| Acreage | 0.06 |
| Appliances | Water Heater, Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Rooms Total | 14 |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Lot Features | Urban, Park |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Roof | Asphalt Shing |
| Open Parking Yes / No | Yes |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 2540 |
|---|
| Province | ON |
|---|---|
| County | Chatham Kent |
| City | Chatham |
| Postal Code | N7M 5X6 |
| Area | Chatham |
| Subarea | SW |
| Community Name | SW |
| Listing VS Median (in SW) | |
Price: $395,000 low | high Med: $479,900 sqft: 1,159 low | high Med: 1,493 $ / sqft: $341 low | high Med: $321 On site: 195 low | high Med: 160 | |
| Province | ON |
|---|---|
| County | Chatham Kent |
| City | Chatham |
| Postal Code | N7M 5X6 |
| Area | Chatham |
| Subarea | SW |
| Community Name | SW |
| Listing VS Median (in SW) | |
Price: $395,000 low | high Med: $479,900 sqft: 1,159 low | high Med: 1,493 $ / sqft: $341 low | high Med: $321 On site: 195 low | high Med: 160 | |