Well-maintained detached single-family home with a spacious basement in-law suite, currently leased and providing excellent rental income. Themain/upper level features 3 bedrooms and 1 bathroom and is currently tenanted at $2,050/month. The basement in-law suite offers 1 bedroomand 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 electricalpanel (approximately 2 years old), new sump pump, new electric water heater, 3-year-old heat pump, and an updated basement kitchen andbathroom (approximately 2 years old). New driveway completed in September 2026. A great opportunity for homeowners, investors, or buyerslooking for rental income to help offset carrying costs. Immediate rental income and excellent long-term potential in a desirable location.
| MLS # | 40861151 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| 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 | 1,159 |
| 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 | 2451.78 |
|---|
| 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: $437,450 sqft: 1,159 low | high Med: 1,326 $ / sqft: $341 low | high Med: $331 On site: 58 low | high Med: 148.5 | |
| 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: $437,450 sqft: 1,159 low | high Med: 1,326 $ / sqft: $341 low | high Med: $331 On site: 58 low | high Med: 148.5 | |