A beautiful home with income potential! This detached bungalow sits on a spacious lot in the charming countryside community of Chesterville. Offering the perfect blend of modern comfort and investment opportunity, this newly built property features polished aesthetics, with modern finishes and a clean, inviting feel. The real bonus? A separate two-bedroom basement apartment with its own side entrance, creating endless possibilities for homeowners and investors. Rent both units for a potential combined monthly rental income of $4,000, or live comfortably on the main level while the lower unit helps offset your mortgage, making your mortgage payments as low as $975 per month! With the potential to significantly reduce your monthly housing costs, this property offers flexibility, affordability, and long-term income potential. Whether you're looking for a place to call home, a smart addition to your investment portfolio, or the opportunity to have your property work for you, this Chesterville gem delivers on both lifestyle and value! (id:28469)
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Facts & features
Property
MLS® Number
X13906538
Property Type
Single Family
Community Name
707 - North Dundas (Winchester) Twp
Ownership
Freehold
Features
Carpet Free, Guest Suite, In-law Suite
Parking Space Total
9
Structure
Deck, Porch
Building
Bathroom Total
3
Bedrooms Above Ground
2
Bedrooms Below Ground
2
Bedrooms Total
4
Age
0 To 5 Years
Appliances
Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style
Bungalow
Basement Development
Finished
Basement Features
Apartment In Basement, Walk Out, Separate Entrance
Basement Type
N/a, N/a (finished), N/a
Construction Style Attachment
Detached
Cooling Type
Central Air Conditioning, Wall Unit
Exterior Finish
Vinyl Siding
Foundation Type
Poured Concrete
Half Bath Total
1
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters, Forced Air
Stories Total
1
Size Interior
1,100 - 1,500 Sqft
Type
House
Utility Water
Drilled Well
Parking
Attached Garage
—
Garage
—
Land
Acreage
No
Sewer
Septic System
Size Depth
201 Ft ,8 In
Size Frontage
106 Ft
Size Irregular
106 X 201.7 Ft
Size Total Text
106 X 201.7 Ft
Utilities
Cable
Available
Electricity
Installed
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$2,878/mo
Ontario land transfer tax
$9,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.