SW, Chatham · MLS® 40861151
422
1,659 sq ft · 0 sq ft lot · House · Single Family · 44 days on market
listed by Phoebe Okereke, RE/MAX Real Estate Centre Inc.
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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
Walkability 0/100 · Car needed for most errands
Nothing everyday within a 10 minute walk.
mihom score from OpenStreetMap places, by straight line distance.