How much is 5 Chippewa Ave listed for?

5 Chippewa Ave is listed at $585,000 (MLS® X13247750). Summitly updates the price as soon as the MLS® record changes.

Is $585,000 a good price for 5 Chippewa Ave?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Selwyn. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out.

Has the price of 5 Chippewa Ave changed?

Yes — it was first listed at $655,000 and is now $585,000, a drop of $70,000 (10.7%).

How many bedrooms and bathrooms does 5 Chippewa Ave have?

5 Chippewa Ave has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Selwyn.

How much would the monthly mortgage be on 5 Chippewa Ave?

About $2,874 a month — principal and interest on $585,000 with 20% down ($117,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 5 Chippewa Ave compare with other homes in Selwyn?

Its asking price of $585,000 is about 19% below the median sold price in Selwyn over the last 90 days, $722,500, across 118 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 5 Chippewa Ave been sold before?

Summitly has no earlier MLS® sale or lease of 5 Chippewa Ave on record from the last two years. Older records aren't shown under TRREB rules.

Where is 5 Chippewa Ave?

5 Chippewa Ave is in Selwyn, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 5 Chippewa Ave been on the market?

138 days — 5 Chippewa Ave was listed on June 5, 2026.

What is the price per square foot of 5 Chippewa Ave?

About $532 to $836 per square foot: the asking price of $585,000 over the 700–1,100 sq ft the listing gives as its size range.

Does 5 Chippewa Ave have parking or a garage?

Yes — the listing gives 6 parking spaces. Garage: Yes.

Does 5 Chippewa Ave have a basement, and is it finished?

The listing describes the basement as: Finished, Full.

For saleWell Above Market

DetachedOn market 138 daysPrice drop · $70,000 off (-10.7%)

5 Chippewa Ave, Selwyn

Name: 5 Chippewa Avenue
SKU: X13247750
Price: 585000 CAD
Availability: InStock

Selwyn, ON · · MLS® X13247750Updated September 26, 2026

$585,000Est. $2,874/mo mortgage

Bedrooms: 2
Bathrooms: 2
Living space: 700–1100sq ft
Parking spaces: 6

Type Detached
Garage Yes
Basement Finished, Full

What you should know

5 Chippewa Ave is a 2-bedroom, 2-bathroom detached home in Selwyn, listed for $585,000. It has 700-1100 sq ft of living space.

Welcome to this beautifully updated bungalow in the heart of Lakefield! 2 separate living spaces for potential income with 2 kitchens, 2 bedrooms and a bathroom each.
Conveniently located close to all amenities, walking trails, parks, and beach, this home offers versatility and exceptional value.
The basement includes a second kitchen, 2 additional bedrooms, a 3-piece bathroom, and a spacious living room.

Ask Zara:

2 Bed, 2 Bath Detached Home in Selwyn

About 5 Chippewa Avenue

Welcome to this beautifully updated bungalow in the heart of Lakefield! 2 separate living spaces for potential income with 2 kitchens, 2 bedrooms and a bathroom each. Conveniently located close to all amenities, walking trails, parks, and beach, this home offers versatility and exceptional value. The main floor features 2 bedrooms and 1 fully renovated bathroom, along with an updated kitchen, bright living room, and dining area with a walkout to a large deck overlooking the fully fenced backyard-perfect for entertaining, children, or pets. A separate entrance leads to the lower level, offering excellent in-law suite or multi-generational living potential. The basement includes a second kitchen, 2 additional bedrooms, a 3-piece bathroom, and a spacious living room. Completing the property is an impressive 23' x 33' fully insulated double-car garage with an automatic garage door opener, providing plenty of space for vehicles, storage, hobbies, or a workshop. A fantastic opportunity to own a move-in-ready home in one of Lakefield's most desirable locations!

2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $836 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 5 Chippewa Ave

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 700-1100 sq ftas stated on the listing
Parking: 6 spacesYes garage
Basement: Finished, Full

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 6

Interior

Basement: Finished · Full

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

5 Chippewa Ave Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13247750−$70,000 (10.7%)$585,000
Jun 5, 2026For saleListedThis listingMLS® X13247750$655,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 5 Chippewa Ave Compares to the Selwyn Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 174 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Selwyn market, last 90 days

Median sold price: $722,500
Average sold price: $828,268
Average days on market: 44
Homes sold: 118

Closed sales on the TRREB MLS®.

Full Selwyn market report

Recently sold nearby in Selwyn

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home5 Chippewa Avenue 2 bd · 2 ba · 700 sqft	$585,000asking	$836	—	—
30 Edgewater Drive 4 bd · 2 ba · 1,500 sqft
13 Coyle Crescent 3 bd · 1 ba · 700 sqft
745 Baltic Drive 3 bd · 1 ba · 700 sqft
1935 Pratt's Marina Road 2 bd · 2 ba · 1,100 sqft
2875 Pearson Lane 2 bd · 1 ba · 700 sqft
2260 Buckhorn Road 3 bd · 1 ba · 700 sqft

30 Edgewater Drive
4 bd · 2 ba · 1,500 sqft
13 Coyle Crescent
3 bd · 1 ba · 700 sqft
745 Baltic Drive
3 bd · 1 ba · 700 sqft
1935 Pratt's Marina Road
2 bd · 2 ba · 1,100 sqft
2875 Pearson Lane
2 bd · 1 ba · 700 sqft
2260 Buckhorn Road
3 bd · 1 ba · 700 sqft

Living in Selwyn: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

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How long is your commute?

From 5 Chippewa Ave. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 5 Chippewa Ave

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,874; 20% down · 25 years · 5.5% assumed
Property tax: $322; 0.66% mill rate · ON
Total per month: $3,196; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,874

/mo

based on the purchase price of $585,000

Down payment20%

$117,000 cash

Amortization25 yr

$468,000 financed

Rate5.50%

$394,179 total interest

Principal54%$468,000

Interest46%$394,179

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: Ball Real Estate Inc., BrokerageMLS® X13247750 · Listing data last updated September 26, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Jun 4· $836/sq ft

Estimated monthly mortgage$2,874/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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5 Chippewa Ave, Selwyn

What you should know