Well-maintained detached single-family home with a spacious basement in-law suite, currently leased and providing excellent rental income. The main/upper level features 3 bedrooms and 1 bathroom and is currently tenanted at $2,050/month. The basement in-law suite offers 1 bedroom and 1 bathroom and is currently leased for $1,000/month, generating a combined gross rental income of $3,050/month or $36,600 annually. Situated on a large lot with a spacious backyard in a quiet, family-friendly neighbourhood, this home is conveniently located close to schools, parks, shopping, transit, and other amenities. The property has been freshly painted and thoughtfully upgraded, including a 200-amp electrical panel (approximately 2 years old), new sump pump, new electric water heater, 3-year-old heat pump, and an updated basement kitchen and bathroom (approximately 2 years old). New driveway completed in September 2026. A great opportunity for homeowners, investors, or buyers looking for rental income to help offset carrying costs. Immediate rental income and excellent long-term potential in a desirable location. (id:13843)
| MLS # | 40861151 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 58 |
| Listing Provided By | RE/MAX Real Estate Centre Inc. | Phoebe Okereke |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,659 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RL5 |
| Acreage | 0.06 |
| Cooling | Central air conditioning |
|---|---|
| Heating | Natural gas |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Built-in |
| Fireplace Yes / No | No |
| Lot Features | Sump Pump |
|---|
| Parking Total | 2 |
|---|
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 2451.78 |
|---|
| Province | ON |
|---|---|
| City | Chatham |
| Postal Code | N7M5X6 |
| Community Name | SW |
| Listing VS Median (in SW) | |
Price: $395,000 low | high Med: $479,900 sqft: 1,659 low | high Med: 1,493 $ / sqft: $238 low | high Med: $321 On site: 58 low | high Med: 240 | |
| Province | ON |
|---|---|
| City | Chatham |
| Postal Code | N7M5X6 |
| Community Name | SW |
| Listing VS Median (in SW) | |
Price: $395,000 low | high Med: $479,900 sqft: 1,659 low | high Med: 1,493 $ / sqft: $238 low | high Med: $321 On site: 58 low | high Med: 240 | |