162 Martel RD
Chapleau, Ontario
Multi-family
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!
Price History
Schools
Secondary
- Chapleau High School0.9 km
Public · Algoma DSB · 65 students
Grade 10 literacy: 56% met the provincial standard
- École secondaire catholique Trillium1 km
French Catholic · CSDC du Nouvel-Ontario
Grade 10 literacy: 82% met the provincial standard
Elementary
- Chapleau Public School0.9 km
Public · Algoma DSB · 100 students
- École élémentaire catholique Trillium1 km
French Catholic · CSDC du Nouvel-Ontario
- École élémentaire Sacré-Coeur1.7 km
French Catholic · CSDC du Nouvel-Ontario · 90 students
Grade 3 reading: 27% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P0M
- Population
- 49,727
- Private dwellings
- 24,862
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Chapleau · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of multi-family properties in Chapleau over the last 12 months.
Location
Mortgage Calculator
$45,000
Estimated Monthly Payment
$1,105
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,105/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $56/mo
Estimates only. Consult a financial advisor.
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