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Ontario
Chatham
46 SELKIRK STREET

$344,000

46 SELKIRK STREET, Chatham, Ontario, N7L 1Y7

QuickQuote^TM: $317K - $386K

MLS® # 24016889

3 Beds

2 Baths

FEETSQ sqft

Property Information:

This charming character home featuring 3 bedrooms and 2 full baths Situated in a prime location, this property provides easy access to all amenities.The home has all you need for a large family, plenty of closet space, kitchen pantry, primary bedroom walk in closet, front porch and a secondary living area in the basement with a full bath for the kids. Recent updates include new siding, roofing, windows, furnace, and a new deck perfect for outdoor entertaining. The inviting interior combines classic charm with modern comforts, ideal for families or individuals seeking a cozy, well-maintained residence. The outside has parking for 2 vehicles and not a lot of yard maintenance .Don’t miss the chance to own this beautifully updated home in a convenient and desirable neighborhood! Call today to book your private viewing and #lovewhereyoulive (id:27)

Building Features:

Style: Detached
Building Type: House
Exterior Finish:
Flooring Type: Laminate
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Features:
Irregular: Yes
Lot Size: 45X43.83
Zoning: RL3

Rooms:

Primary Bedroom 2nd Level 4.32 m x 3.23 m
Bedroom 2nd Level 2.44 m x 3.51 m
Bedroom 2nd Level 4.06 m x 2.62 m
Bathroom 2nd Level Measurements not available
Laundry Basement Level 3.66 m x 3.66 m
Storage Basement Level 1.52 m x 1.96 m
Bathroom Basement Level Measurements not available
Family Basement Level 5.79 m x 3.35 m
Kitchen Main Level 2.95 m x 3.48 m
Living Main Level 7.62 m x 3.96 m

Convert Measurement to:

Courtesy of: NEST REALTY INC.

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Potential Investment Performance

Cumulative ROI

131.1%

Cumulative Market Appreciation

$95,040

Net Operating Income in Year 5

$20,471

Cash on Cash Return in Year 5

3.3%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

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 %	$68,800
Mortgage Amount	$275,200
Mortgage Payment %	$1,427

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,063

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$569
Net Operating Income	$1,493

Debt Service
Mortgage Payment	$1,427

Net Cash Flow	$66

Cap Rate

5.21%

Acquistion Costs

Down Payment $68,800

Land Transfer Tax $3,635

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $74,435

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$68,800	-	-	-	-	-	-	-	-	-
Closing Costs	$5,635	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$4,281	$4,487	$4,703	$4,929	$5,166	$5,414	$5,674	$5,947	$6,233	$6,533
Total	$78,716	$4,487	$4,703	$4,929	$5,166	$5,414	$5,674	$5,947	$6,233	$6,533
Cash Invested	$78,716	$83,204	$87,907	$92,837	$98,003	$103,417	$109,092	$115,040	$121,273	$127,807

Rental Cash Flows
Rent and other income	$24,761	$25,504	$26,269	$27,057	$27,869	$28,705	$29,566	$30,453	$31,367	$32,308
Operating Expenses	-$6,834	-$7,004	-$7,178	-$7,357	-$7,540	-$7,729	-$7,922	-$8,120	-$8,323	-$8,531
Mortgage Payment	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134	-$17,134
Net Cash Flow	$792	$1,365	$1,956	$2,565	$3,193	$3,841	$4,509	$5,198	$5,909	$6,641

Returns
Property Price Appreciation	$17,200	$18,059	$18,963	$19,911	$20,906	$21,952	$23,049	$24,202	$25,412	$26,682
Mortgage Paydown	$4,281	$4,487	$4,703	$4,929	$5,166	$5,414	$5,674	$5,947	$6,233	$6,533
Net Cash Flow	$792	$1,365	$1,956	$2,565	$3,193	$3,841	$4,509	$5,198	$5,909	$6,641
Total Return	$22,274	$23,912	$25,622	$27,405	$29,266	$31,208	$33,234	$35,348	$37,554	$39,857
Cumulative Return	$22,274	$46,186	$71,809	$99,215	$128,482	$159,690	$192,924	$228,273	$265,827	$305,685

Investment Metrics
Cumulative ROI	28.3%	55.5%	81.7%	106.9%	131.1%	154.4%	176.8%	198.4%	219.2%	239.2%
Cash On Cash	1.0%	1.6%	2.2%	2.8%	3.3%	3.7%	4.1%	4.5%	4.9%	5.2%