$ 579.900

3501 Errington Avenue, Chelmsford

22 Photos

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 2

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 3

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 4

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 5

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 6

3501 Errington Avenue, Chelmsford, ON P0M1L0 Photo 7

MLS®: 2115969

Added: 8 days ago

Property Details

Looking for a solid investment with a cap rate of 8.23%? This is the one for you! This 4 unit apartment building is centrally located in the desirable town of Chelmsford. The property features four one bedroom units, 4 separate hydro meters, lots of parking at the rear, shared on site laundry in the basement and storage lockers for each unit . Some recent upgrades include: new boiler system in 2020 and new eavestroughs in 2021. This money maker is the perfect addition to any investment portfolio! (id:1945)

Best Mortgage Rates

Property Information

Roof: Asphalt shingle, Unknown
Sewer: Municipal sewage system
Heating: Boiler, Hot Water
List AOR: Sudbury
Basement: Full
Photos Count: 22
Water Source: Municipal water
Common Interest: Freehold
Parking Features: Rear, Gravel
Exterior Features: Stucco, Vinyl
Zoning Description: R1-5 LNC
Number Of Units Total: 4

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Nearby Places

Name	Type	Address	Distance
Chelmsford railway station, Ontario	Chelmsford Railway station is a shelter flag stop ...		0.6 km
Chelmsford Valley District Composite School	The school opened in 1953...		0.7 km
École Secondaire Catholique Champlain	School	61 Brookside CH	0.9 km
École Secondaire Catholique Champlain	Champlain is a secondary school owned and operated...		0.9 km
Chelmsford Valley District School	School	Greater Sudbury	1.1 km
Northland Motel Restaurant	Restaurant	3150 Errington Ave	1.3 km
Tim Hortons	Cafe	3755 Ontario 144	1.6 km
Sudbury Basin	It is the second-largest known impact crater or as...		2.4 km
Rayside-Balfour	It was created as part of the Regional Municipalit...		3.6 km
Sudbury Downs	Casino	400 Bonin Rd	4.4 km
Sudbury Downs	During the racing season, there are usually two ra...		4.6 km
Azilda Waterdome	Establishment	Greater Sudbury	6.8 km

3501 Errington Avenue mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 3501 Errington Avenue. The current price of the property is $579,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $463,920. This would result in a monthly mortgage payment of $2,712 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	15
University / Below bachelor level	10
Certificate of Qualification	10
College	120
University degree at bachelor level or above	10

Neighbourhood Marital Status Stat

Married	230
Widowed	55
Divorced	40
Separated	20
Never married	160
Living common law	100
Married or living common law	330
Not married and not living common law	275

Neighbourhood Construction Date

1961 to 1980	105
1981 to 1990	15
1991 to 2000	15
1960 or before	195

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