320 Lafontaine Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey duplex located in the coveted neighborhood of Wallaceburg. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $155,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 50 x 100 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, Storage, Water Heater
- Efficient other heating via gas
Description
For more info on this property, please click the Brochure button. This vacant 2-bed/1-bath + 1-bed/1-bath duplex in a great neighborhood in Wallaceburg, Ontario presents a strong value-add investment opportunity with clear upside. The property is well-suited for an investor looking to complete moderate renovations, lease both units, and refinance to recover most, if not all, of their initial capital. Each unit is separately metered, allowing for efficient expense control and improved cash flow. Located in a high-demand rental area, this duplex benefits from solid tenant demand and long-term rental stability. Once cleaned up and stabilized, the property is projected to generate attractive cash flow, making it an excellent option for investors seeking forced appreciation and scalable returns in a growing rental market.
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Property Summary
This duplex located at 320 Lafontaine Street, Chatham-Kent is currently for sale and has been available on SousaSells for 225 days. This property is listed at $155,000 with an estimated mortgage of $516* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 320 Lafontaine Street, Chatham-Kent is in the Wallaceburg neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
Primary Bedroom - Main Floor, Storage, Water Heater
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 320 Lafontaine Street, Chatham-Kent, ON N8A 4H9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $155,000 in Chatham-Kent, the legal minimum down payment is $7,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,275 for this transaction. As this listing is in Chatham-Kent (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.