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Royal LePage
Royal LePage
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$379,900

282 PARK AVENUE East, Chatham, Ontario, N7M 3V9

QuickQuoteTM: Not Available
MLS® # 25002433

3+1 Beds

2 Baths

Property Information:

Check out this southside 3+1 Bedroom, 2 full Bath home with attached Garage that sits on a large 200' deep lot. This well maintained 4-level back-split features mostly replacement windows, updated vinyl siding, Central A/C, an eat-in Kitchen with spacious Living Room on the main floor, 3 separate living areas including the basement Rec Room that has hook-ups for a 2nd Kitchen, plenty of storage and a huge back yard with tonnes of potential for a pool, gardens or even the possibility of an ""additional dwelling unit""?? Book your showing today to see this great property!! (id:27)

Building Features:

  • Style: Detached
  • Architectural Style: 4 Level
  • Construction Style - Attachment: Detached
  • Construction Style - Split Level: Backsplit
  • Exterior Finish: Brick
  • Flooring Type: Carpeted, Hardwood, Laminate
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3+1
  • Bathrooms: 2
  • Built in: 1974
  • Features: Double width or more driveway
  • Fence Type: Fence
  • Irregular: Yes
  • Lot Size: 51.75X200
  • Zoning: RES-R2
  • Parking Type: Garage

Rooms:

  • Bathroom 2nd Level Measurements not available
  • Bedroom 2nd Level 3.66 m x 3.10 m
  • Bedroom 2nd Level 3.10 m x 2.13 m
  • Primary Bedroom 2nd Level 4.14 m x 3.35 m
  • Recreation Room Basement Level 3.96 m x 3.66 m
  • Utility Basement Level 3.96 m x 3.96 m
  • Bathroom Lower Level Measurements not available
  • Family Lower Level 3.96 m x 3.05 m
  • Bedroom Lower Level 3.96 m x 3.05 m
  • Kitchen Main Level 5.26 m x 4.27 m
  • Living Main Level 5.26 m x 4.06 m

Convert Measurement to:


Courtesy of: EXIT REALTY CK ELITE

REALTOR.ca  

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Potential Investment Performance

Cumulative ROI

150.5%

Cumulative Market Appreciation

$104,959

Net Operating Income in Year 5

$27,058

Cash on Cash Return in Year 5

7.4%

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
%
$75,980
Mortgage Amount $303,920
Mortgage Payment
%
$1,576

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 $661
Net Operating Income $1,978
Debt Service
Mortgage Payment $1,576
Net Cash Flow $401

Cap Rate

6.25%

Acquistion Costs

Down Payment $75,980
Land Transfer Tax $4,173
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $82,153

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $75,980 - - - - - - - - -
Closing Costs $6,173 - - - - - - - - -
Mortgage Paydown $4,728$4,955$5,194$5,443$5,705$5,979$6,267$6,568$6,883$7,214
Total $86,881$4,955$5,194$5,443$5,705$5,979$6,267$6,568$6,883$7,214
Cash Invested $86,881$91,837$97,031$102,475$108,180$114,160$120,427$126,995$133,879$141,094
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 -$7,941-$8,142-$8,349-$8,561-$8,779-$9,002-$9,231-$9,467-$9,708-$9,956
Mortgage Payment -$18,922-$18,922-$18,922-$18,922-$18,922-$18,922-$18,922-$18,922-$18,922-$18,922
Net Cash Flow $4,814$5,563$6,335$7,131$7,952$8,798$9,671$10,570$11,497$12,453
Returns
Property Price Appreciation $18,995$19,944$20,941$21,989$23,088$24,242$25,455$26,727$28,064$29,467
Mortgage Paydown $4,728$4,955$5,194$5,443$5,705$5,979$6,267$6,568$6,883$7,214
Net Cash Flow $4,814$5,563$6,335$7,131$7,952$8,798$9,671$10,570$11,497$12,453
Total Return $28,537$30,463$32,471$34,564$36,746$39,021$41,393$43,866$46,446$49,136
Cumulative Return $28,537$59,001$91,473$126,037$162,784$201,805$243,199$287,065$333,512$382,648
Investment Metrics
Cumulative ROI 32.8% 64.2% 94.3% 123.0% 150.5% 176.8% 201.9% 226.0% 249.1% 271.2%
Cash On Cash 5.5% 6.1% 6.5% 7.0% 7.4% 7.7% 8.0% 8.3% 8.6% 8.8%
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Market Price Trends

Single family detached

6.99%

Price change (1 year)

66.42%

Price change (5 years)

All Properties

6.97%

Price change (1 year)

67.18%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 282 PARK AVENUE East, Chatham, Ontario, N7M 3V9

Demographic Information of 282 PARK AVENUE East, Chatham, Ontario, N7M 3V9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$70,790.87

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.07 %

High school certificate or equivalent

37.69 %

Apprenticeship trade certificate/diploma

8.03 %

College/non-university certificate

19.23 %

University Degree

3.98 %

Commuter

Travel To Work

By Car

88.29 %

By Public Transit

0.0 %

By Walking

8.7 %

By Bicycle

0.0 %

By Other Methods

3.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.27 %

Houses

78.73 %

Own Vs. Rent

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