$399,900
71 Spencer AVENUE
Beds
4
Baths
2
Sqft
—
Year
1994
Type
Single Family
Suite
Investment signal
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
Welcome to this versatile and well-maintained 4-bedroom, 2-bath raised rancher, ideally located on a quiet street close to all amenities. Currently configured as two separate suites, this property offers excellent income potential or the perfect setup for multi-generational living. The upper level features two spacious bedrooms, a bright and inviting living room, a functional kitchen with a dedicated eating area, and a modern 4-piece bath complete with convenient in-suite laundry. The main floor has been freshly painted, providing a clean and move-in-ready feel. The lower level offers two additional bedrooms, a comfortable living area, full kitchen, and a 3-piece bath—creating a fully self-contained space. Easily convertible back to a single-family home, this layout provides flexibility to suit a variety of needs. Step outside to enjoy the fenced rear yard, ideal for gardening, entertaining, or pets. Whether you're looking for an investment opportunity or a home with room for extended family, this property checks all the boxes. Don't delay book you're showing today. Please allow 48 hour irrevocable due to work schedules. (id:65958)
- Subtype
- Single Family
- Architectural style
- Raised ranch
- Structure
- House
- Common interest
- Freehold
- Lot dimensions
- 36.06 X 102.38 / 0.085 AC
- Bedrooms
- 2 above grade, 2 below grade
- On market
- Mar 17, 2026
- Status changed
- Apr 25, 2026
- Annual tax
- $2,495.23 (2025)
- Zoning
- RL3
- Photos
- 18
- MLS#
- 26005530
- Area
- CHATHAM
Features and systems
Parking
Heating
Cooling
Exterior
Flooring
Foundation
Lot
Cash on cash
5.56%
Cap rate
5.98%
GRM
11.5
Break-even rent
$2,510
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 25, 2026.