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Royal LePage
Royal LePage
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$349,999

153 ADELAIDE STREET South, Chatham, Ontario, N7M 4R6

QuickQuoteTM: $316K - $377K
MLS® # 25003166

4 Beds

2 Baths

Property Information:

Fantastic income opportunity in the heart of Chatham! This duplex sits on a rare double lot, offering incredible potential for investors or homeowners looking for rental income. Conveniently located just steps from shopping, public transit, and amenities, this property is priced to sell. Don't miss out on this affordable investment with endless possibilities! 24 hour notice needed for all showings. (id:27)

Building Features:

  • Style: Detached
  • Building Type: Duplex
  • Construction Style - Attachment: Detached
  • Exterior Finish:
  • Flooring Type: Laminate, Marble
  • Foundation Type: Block
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 2
  • Features:
  • Irregular: Yes
  • Lot Size: 64.24X78.12
  • Zoning: RL1

Rooms:

  • Bathroom 2nd Level Measurements not available
  • Bedroom 2nd Level Measurements not available
  • Kitchen 2nd Level Measurements not available
  • Living 2nd Level Measurements not available
  • Laundry Lower Level Measurements not available
  • Utility Lower Level Measurements not available
  • Bedroom Main Level Measurements not available
  • Breakfast Main Level Measurements not available
  • Bathroom Main Level Measurements not available
  • Porch Main Level Measurements not available
  • Kitchen Main Level Measurements not available
  • Bedroom Main Level Measurements not available
  • Living Main Level Measurements not available

Courtesy of: RE/MAX CARE REALTY - 828

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

161.2%

Cumulative Market Appreciation

$96,698

Net Operating Income in Year 5

$27,227

Cash on Cash Return in Year 5

9.6%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$70,000
Mortgage Amount $279,999
Mortgage Payment
%
$1,452

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $2,639
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $648
Net Operating Income $1,991
Debt Service
Mortgage Payment $1,452
Net Cash Flow $538

Cap Rate

6.83%

Acquistion Costs

Down Payment $70,000
Land Transfer Tax $3,724
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $75,724

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $70,000 - - - - - - - - -
Closing Costs $5,724 - - - - - - - - -
Mortgage Paydown $4,356$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,646
Total $80,080$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,646
Cash Invested $80,080$84,646$89,431$94,446$99,703$105,212$110,986$117,037$123,379$130,026
Rental Cash Flows
Rent and other income $31,678$32,628$33,607$34,616$35,654$36,724$37,825$38,960$40,129$41,333
Operating Expenses -$7,785-$7,983-$8,187-$8,395-$8,610-$8,830-$9,056-$9,287-$9,525-$9,770
Mortgage Payment -$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433-$17,433
Net Cash Flow $6,459$7,211$7,987$8,786$9,610$10,460$11,336$12,239$13,170$14,129
Returns
Property Price Appreciation $17,499$18,374$19,293$20,258$21,271$22,334$23,451$24,624$25,855$27,148
Mortgage Paydown $4,356$4,565$4,785$5,015$5,256$5,509$5,773$6,051$6,342$6,646
Net Cash Flow $6,459$7,211$7,987$8,786$9,610$10,460$11,336$12,239$13,170$14,129
Total Return $28,315$30,152$32,066$34,060$36,138$38,304$40,561$42,914$45,367$47,924
Cumulative Return $28,315$58,468$90,534$124,594$160,732$199,037$239,598$282,513$327,881$375,806
Investment Metrics
Cumulative ROI 35.4% 69.1% 101.2% 131.9% 161.2% 189.2% 215.9% 241.4% 265.7% 289.0%
Cash On Cash 8.1% 8.5% 8.9% 9.3% 9.6% 9.9% 10.2% 10.5% 10.7% 10.9%
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Market Price Trends

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Location of 153 ADELAIDE STREET South, Chatham, Ontario, N7M 4R6

Demographic Information of 153 ADELAIDE STREET South, Chatham, Ontario, N7M 4R6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,860.47

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.0 %

High school certificate or equivalent

37.67 %

Apprenticeship trade certificate/diploma

6.59 %

College/non-university certificate

19.24 %

University Degree

8.5 %

Commuter

Travel To Work

By Car

90.34 %

By Public Transit

0.0 %

By Walking

7.23 %

By Bicycle

0.0 %

By Other Methods

2.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.76 %

Houses

54.24 %

Own Vs. Rent

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