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Investment signal

$199,900

106 Erie STREET North

Beds

Baths

Sqft

Year

Location

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About this home

Build your dream home or investment property on this private half-acre lot in a peaceful small town. Surrounded by mature trees, this quiet retreat offers privacy and a serene setting. The east-facing frontage captures morning light, while the backyard provides space to enjoy sunsets and outdoor living. With ample room to build and create a generous yard, this property is ideal for those seeking tranquillity and space to grow. Located in a charming community, this lot combines privacy, location, and potential. Sanitary service & water service connection nearby. For gas service, contact Enbridge. For Hydro service contact Entegrus or Hydro One. Don’t miss your chance to secure this rare opportunity and start your next chapter today! Buyer is responsible for verifying all services, required permits and uses for this lot with the Municipality of Chatham-Kent Building Department at 519-360-1998. Hydro One 1-888-664-9376. Enbridge 1-866-772-1045. (id:65958)

Subtype
Vacant Land
Structure
No Building
Common interest
Freehold
Lot dimensions
150.49 x 170.62 / 0.589 AC
On market
Feb 24, 2026
Status changed
Apr 14, 2026
Annual tax
$644.5 (2025)
Zoning
R1
Photos
8
MLS#
26003767
Area
RIDGETOWN
Positive cash flow ~$877/mo at these assumptions

Cash on cash

26.34%

Cap rate

11.16%

GRM

6.9

Break-even rent

$1,476

Financing

Down payment$39,980
Loan amount$159,920
Mortgage$981/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92
Insurance$80
Maintenance$167
CapEx reserve$83
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ridgetown. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $981/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.

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