$225,000
↓ $5,000 from $230,000
Est. payment $996/moCalculate yours
162 Martel Road, Chapleau, ON P0M 1K0
Chapleau, ON P0M 1K0
- 1,900 Sq Ft
Listing courtesy of Exit Realty True North MLS® X13887110
About this home
Income Opportunity! This unique property features two homes on one generous-sized lot, offering excellent potential for rental income, multi-generational living, or live-in-one-rent-the-other flexibility. The larger home has been converted into two spacious one-bedroom apartments, but could easily be returned to a single-family residence if desired. Each unit offers comfortable living spaces with plenty of natural light. The second home is a charming one-bedroom, one-bath cottage, ideal for a tenant, guest house, or cozy personal retreat. Major updates include a 2024 septic system, newer windows, siding, and shingles, adding peace of mind and long-term value. A garage provides additional storage or parking. Whether you’re an investor or a homeowner looking for extra income, this property is a rare find with so many possibilities. Don’t miss your chance-book your showing today!
Property details
Overview
- Property Type
- Multiplex
- For
- For Sale
- Status
- Price Change
- Size
- 1,900 sqft
Interior
- Basement
- Partial Basement, Crawl Space
Building & Systems
- Heating
- Baseboard (Propane)
- Cooling
- Other
- Exterior
- Unknown
- Foundation
- Other
- Roof
- Asphalt Rolled
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- < .50 acres
- Parking
- None garage
- Zoning
- Residential
Financial
- Property Taxes
- $1,980 (2024)
Location
- Direction Faces
- North
Listing
- MLS® Number
- X13887110
- Days on Market
- 156
- Listed On
- 2026-05-15
- Listed By
- Exit Realty True North
Features
Interior
- Other
Community
- Golf
- Park
Pool
- None
- Included
- Existing appliances all in "as is" condition Unit 1 - Fridge, stainless stove, washer, dryer Unit 2 - Fridge, stove Unit 3 - Washer, dryer, fridge, stove
- Excluded
- N/A
- Rental items
- N/A
Mortgage calculator
Estimated mortgage payment
$996 per month
- Principal and interest
- $996
- Property tax
- $165
- Condo fees
- $0
- Estimated monthly cost
- $1,161
Your mortgage
- Mortgage amount
- $180,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $118,875
Cash to close
- Down payment
- $45,000
- Land transfer tax
- $1,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $46,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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