162 Martel RD

1 / 40

$225,000

162 Martel RD

Chapleau · MLS® SM261034

1,900 sq ft · House · Multi-family · built 1950 · 162 days on market

listed by Tracey Wetzl, Exit Realty True North

realtor's description

Income Opportunity! This unique property features two homes on one generous-sized lot, offering excellent potential for rental income, multi-generational living, or live-in-one-rent-the-other flexibility. The larger home has been converted into two spacious one-bedroom apartments, but could easily be returned to a single-family residence if desired. Each unit offers comfortable living spaces with plenty of natural light. The second home is a charming one-bedroom, one-bath cottage, ideal for a tenant, guest house, or cozy personal retreat. Major updates include a 2024 septic system, newer windows, siding, and shingles, adding peace of mind and long-term value. A garage provides additional storage or parking. Whether you're an investor or a homeowner looking for extra income, this property is a rare find with so many possibilities. Don’t miss your chance—book your showing today!

property details

type: House, Multi-family
living area: 1,900 sq ft
parking: 0
year built: 1950
property tax: $1,980 / yr
days on market: 162
MLS®: SM261034

monthly cost

$1,145/mo

Mortgage $980 · Tax $165

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$980/ monthly

loan $180,000

25-year amortization

down payment20% · $45,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $114,091
cash to close: $45,000; down payment; transfer tax and fees not included
total paid: $294,091

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.