696 Queen Street, Chatham-Kent

$499,900
696 Queen Street

$499,900

New
9d
DetachedBungalow

696 Queen Street, Chatham-Kent

Total Monthly Obligation $2,695

Beds
4
Baths
2
Park
6
Sqft
1500-2000
DOM
9d
Score
21
Yield
5.6%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-X14030550
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-80 × 133.5 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,646.66 (2026)
Parking-7 - Attached
Basement-Crawl Space
Heating-Radiant (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Chatham
Title-Residential Freehold

No agent assigned

Pack your bags and move right in! This beautifully updated home offers modern finishes, thoughtful details, and plenty of space to suit your needs. With numerous renovations completed in 2024 and beyond, much of the home has been refreshed within the past two years. Updates include lighting, trim, paint, tile, electrical outlets, the electric fireplace and its surround, the deck, interior and exterior doors, heat registers, and more. The hardwood floors and kitchen cupboards were updated shortly before 2024, adding to the home's warmth and appeal. Inside, you'll find four bedrooms and two full bathrooms, offering plenty of flexibility for families, guests, or those working from home. The back room is currently used as an office and features its own ensuite bathroom, and separate direct access to the back porch. This versatile space could easily be converted into a private primary bedroom, providing a comfortable retreat with its own convenient access. Outside, enjoy the beautiful lot and spacious, newly updated deck, complete with a covered area that's perfect for relaxing or entertaining family and friends. Whether you're enjoying a quiet morning outdoors or hosting a gathering, this inviting space offers a wonderful place to unwind. The concrete driveway provides ample parking, while the home's convenient location makes it an easy walk to many local amenities. With extensive updates, versatile living space, and a great location, this move-in-ready home is ready for you to settle in and enjoy!

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,695/mo
Mortgage $2,016
Monthly Loss $2,165
Principal$531
Interest$1,486
Property Tax$304
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.6%39
10-Year IRR
11.1%
Returns Index
20.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,188/yr
NOI
$17,223/yr
Net Cash Flow
-$581/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
29.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 696 Queen Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.