Welcome to this beautifully updated bungalow in the heart of Lakefield! 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 a stunning 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 $786 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.
For saleListedThis listingMLS® X14138180$549,900
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.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
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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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.
Similar homes for sale nearby in Selwyn
Other 2–4 bed homes for sale in Selwyn around $550K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings99Homes for sale here right now.
Median vs prior 90 days+4.4%Compared with May 6 – Aug 4, 2026: prices up.
Based on 111 sales from Aug 4 – Nov 2, 2026 (83 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5 Chippewa Ave
How much is 5 Chippewa Ave listed for?
5 Chippewa Ave is listed at $549,900 (MLS® X14138180). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 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. See Zara's estimate
Has the price of 5 Chippewa Ave changed?
No — 5 Chippewa Ave is still listed at its original asking price of $549,900.
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 $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), 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 $549,900 is about 23% below the median sold price in Selwyn over the last 90 days, $715,000, across 111 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?
5 Chippewa Ave was listed today (November 2, 2026).
What is the price per square foot of 5 Chippewa Ave?
About $500 to $786 per square foot: the asking price of $549,900 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.
