367 Sandys Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Chatham-Kent. Expertly crafted featuring premium brick veneer and vinyl siding construction, this residence presents an exceptional opportunity offered at $699,999 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.
- 8 Bedrooms and 8 Bathrooms with 4 functional kitchens
- Premium 50.12 x 150.69 ft lot size
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient forced air heating via gas
Description
Attention Investors! This purpose-built fourplex is a turnkey, high-cash-flow, low expenses property, ideal for investors seeking strong, stable income. Each of the four 3-bedroom units has separately metered utilities, with tenants paying all utility costs directly under their names. Additionally, tenants own and maintain their own major appliances, minimizing landlord responsibilities. The property generates over $65,000 annual rental income, with potential for further growth as units turn over. A low-maintenance, high-yield asset in a sought-after rental market!
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Property Summary
This fourplex located at 367 Sandys Street, Chatham-Kent is currently for sale and has been available on SousaSells for 526 days. This property is listed at $699,999 with an estimated mortgage of $2,330* per month. It has 8 beds, 8 bathrooms, and is unknown square feet. 367 Sandys Street, Chatham-Kent is in the Chatham-Kent neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 367 Sandys Street, Chatham-Kent, ON N7L 3X8
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 $699,999 in Chatham-Kent, the legal minimum down payment is $45,000 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 $10,475 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 $10,475.
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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.