41 ADELAIDE STREET S, Chatham-kent (chatham), ON N7M4R1
41 ADELAIDE STREET S, Chatham-kent (chatham), ON N7M4R1
41 ADELAIDE STREET S, Chatham-kent (chatham), ON N7M4R1
41 ADELAIDE STREET S, Chatham-kent (chatham), ON N7M4R1
41 ADELAIDE STREET S, Chatham-kent (chatham), ON N7M4R1
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Jeff Godreau

Jeff Godreau

+1(519) 365-4852
$ 284,900
Est. payment | /mo

4 Beds

3 Baths

2,000 SqFt

Save
$ 284,900
Est. payment | /mo
Save

4 Beds

3 Baths

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $142

Subdivision Chatham

MLS® Listing ID X13637634

Bedrooms 4

Property Description

A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 4.09 m X 3.79 m Primary Bedroom

Extra Room 2 Second level 4.09 m X 3.75 m Office

Extra Room 3 Second level 4.11 m X 1.97 m Bathroom

Extra Room 4 Main level 4.1 m X 2.54 m Living room

Extra Room 5 Main level 4.1 m X 2.47 m Office

Extra Room 6 Main level 4.16 m X 2.87 m Kitchen

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Listed by BLUE FOREST REALTY INC.

Nearby Locations

Jeff Godreau

Thank you for stopping in! We are looking forward to helping your real estate dreams come true!

+1(519) 365-4852

jeffgodreau@royallepage.ca

425 McNaughton Ave West, Chatham, CAN

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41 ADELAIDE STREET S