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40 Timmins CRESCENT, Chatham, Ontario, N7L 4E1

MLS® # 25025994
Investment For Sale In Chatham, Ontario
$699,900
40 Timmins Crescent, Chatham, ON - Outdoor
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40 Timmins CRESCENT, Chatham, Ontario, N7L 4E1
$699,900

Property Information:

Excellent investment opportunity with immediate income form day one with this fully tenanted 4-plex building located on the desirable northside of Chatham. Each unit features 3 bedrooms and 1.5 bathrooms, offering functional layouts that appeal to long-term tenants. Situated close to major amenities, schools, shopping and public transportation, this property boasts strong rental demand and consistent cash flow. Tenants enjoy everything they need, making it an attractive investment. In suite laundry is available to each tenant as well as ample parking spaces. Whether you are a seasoned investor or just getting started, this multi-family property offers great returns and minimal vacancy risk. Don't miss your chance to add a reliable income producing asset to your portfolio. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Exterior Finish: Brick
  • Flooring Type: Carpeted, Laminate
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1975
  • Irregular: Yes
  • Lot Size: X / 0.203 AC
  • Zoning: RM1
  • Parking Type: Other
  • No. of Parking Spaces: 4

Rooms:

  • Bedroom 2nd Level Measurements not available
  • Bedroom 2nd Level Measurements not available
  • Bedroom 2nd Level Measurements not available
  • Bathroom 2nd Level Measurements not available
  • Recreation Room Basement Level Measurements not available
  • Laundry Basement Level Measurements not available
  • Living Main Level Measurements not available
  • Kitchen Main Level Measurements not available
  • Bathroom Main Level Measurements not available

Courtesy of: RE/MAX PREFERRED REALTY LTD.

REALTOR.ca  

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Market Price Trends

All Properties

0.26%

Price change (1 year)

35.23%

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 40 Timmins CRESCENT, Chatham, Ontario, N7L 4E1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 40 Timmins CRESCENT , experiences 7 hot days per year at around 31.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 35.2 degrees Celsius.

Projected Avg. Temperature

Past
31.7℃
2050
35.2℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

57/100

Moderate

ClimateCheck®

Current data

This property, 40 Timmins CRESCENT , experiences 11 significant 2-day storms per year, with about 303.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 374.3mm of precipitation per year.

Precipitation Per Storm

Past
303.8mm
2050
374.3mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 40 Timmins CRESCENT, Chatham, Ontario, N7L 4E1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,170.72

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

33.49 %

High school certificate or equivalent

30.54 %

Apprenticeship trade certificate/diploma

3.13 %

College/non-university certificate

25.42 %

University certificate (below bachelor)

0.45 %

University Degree

6.97 %

Commuter

Travel To Work

By Car

85.03 %

By Public Transit

1.67 %

By Walking

6.33 %

By Bicycle

0.0 %

By Other Methods

6.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.89 %

Houses

37.11 %

Own Vs. Rent

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