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Price Change$549,000

34 Hillcrest Avenue

Chatham-Kent, Chatham-Kent

$524,999

Detached|Bungalow
6 | 2 | 5
About this home

Welcome to 34 Hillcrest Ave., Chatham, ON, a beautifully renovated property offering exceptional flexibility for homeowners, multi-generational families, and investors alike. Ideally located in a quiet, established neighbourhood, this versatile home is just minutes from downtown Chatham, St. Clair College, Chatham-Kent Health Alliance, schools, parks, shopping, restaurants, public transit, and convenient access to Highway 401. Configured as a legal two-unit home, the property can also be easily enjoyed as a spacious single-family residence, with just one interior door separating the upper and lower living spaces. The upper level features 3 spacious bedrooms, 1 full bathroom, a bright living area, and a functional layout. The legal lower-level apartment also spans and includes 3 bedrooms, 1 full bathroom, a private separate entrance, and generous living space. In total, the home boasts 6 bedrooms and 2 full bathrooms, making it ideal for large families, multi-generational living, or those seeking additional rental income. The home has been extensively renovated throughout with updated flooring and contemporary finishes. Outside, you'll appreciate the detached garage, a long private driveway accommodating up to three vehicles, and expansive front and rear yards. The backyard backs directly walking trail, providing a peaceful natural setting with added privacy and green space. The upper unit is currently tenanted, providing immediate rental income, while the vacant legal lower unit offers flexibility for owner occupancy or the opportunity to secure a new tenant at current market rents. Whether you're looking for a turnkey investment, a mortgage helper, or a spacious home with room for extended family, 34 Hillcrest Ave. offers exceptional versatility, modern updates, and an outstanding location close to everything Chatham has to offer. This is a rare opportunity to own a renovated legal duplex with income potential in one of the city's established neighbourhoods.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,367
Lot Size59 ft x 150 ft
mls© NumberX13716612
Listed BySUTTON GROUP KINGS CROSS INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,687
Property tax
$364
Heat allowance
$150
Housing costs
$3,201 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $105,000
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$105,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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