5 Tiffany Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Chatham-Kent. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $459,000 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 88 x 123.42 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: On Demand Water Heater
- equipped with none, window unit(s) central cooling and highly efficient forced air heating via gas
Description
Turnkey Duplex Opportunity! Discover this fully converted duplex situated on an impressive approximately -acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike. The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service. Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and outdoor living that's rarely found in duplex properties. The generous lot also provides ample parking and plenty of room to enjoy. With extensive updates already completed and reliable rental income in place, this property offers a seamless investment opportunity from the day you take possession. Whether you're expanding your investment portfolio or searching for your first home, this property also presents an excellent house-hacking opportunity-live in one unit while the rental income from the other helps offset your mortgage and monthly expenses. Don't miss this opportunity to own a fully renovated income property with exceptional flexibility, offering the potential to generate income from day one while building long-term wealth.
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Pricing & Value Insights
Data-driven valuation for 5 Tiffany Street, Chatham-Kent, ON N0P 2C0
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $459,000 in Chatham-Kent, the legal minimum down payment is $22,950 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 $5,655 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 $5,655.
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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.