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Investment signal

$250,000

278 Queen STREET South West

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Beds

Baths

Sqft

—

Year

1920

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

Duplex on Queen Street conveniently located within walking distance to downtown. Furnace, roof and water heater replaced 6 years ago. Central air unit replaced 4 years ago. Both units have spacious rooms. Upper unit is month to month ($925 inclusive). The lower unit has been gutted and is ready for new owner to finish. A unique feature in the upper unit is a circular staircase from living room to a large loft area suitable for many uses. There is a shared laundry area in the basement and a large storage area for the main floor tenant. Backyard is partially fenced. Side drive can park 3 cars. 24 hours notice for upper. Appointments through Touchbase. (id:65958)

Subtype: Single Family
Structure: Duplex
Common interest: Freehold
Lot dimensions: 44 X 84 / 0.085 AC
Bedrooms: 4 above grade, 0 below grade
Stories: 2
On market: Mar 25, 2026
Status changed: Apr 22, 2026
Annual tax: $2,270.45 (2025)
Zoning: RL3
Photos: 14
MLS#: 26005882
Area: CHATHAM

Features and systems

Appliances

WasherDryerTwo stovesTwo Refrigerators

Heating

Forced airNatural gasFurnace

Cooling

Central air conditioningFully air conditioned

Exterior

Aluminum/Vinyl

Flooring

HardwoodCarpetedCushion/Lino/Vinyl

Foundation

Concrete

Lot

Gravel DrivewaySide DrivewaySingle Driveway

Positive cash flow ~$1,235/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

29.63%

Cap rate

10.79%

GRM

7.2

Break-even rent

$1,600

Financing

Down payment$50,000

Loan amount$200,000

Mortgage$1,013/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$115

Insurance$80

Maintenance$208

CapEx reserve$104

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $1,013/mo at 4.5% with 20% down, 30-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 22, 2026.