128 West Street,Chatham-Kent (Chatham), ON N7M2R6
Chatham-Kent (Chatham), ON N7M2R6
Description
This triplex offers high rental income and excellent flexibility for investors and owner-occupants alike. The property currently generates $3,260 per month in rental income across all three units, with separate hydro and gas meters for straightforward expense management. The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive. Unit 3 is a 1-bedroom unit now rented for $1,125 per month plus hydro and gas. Each unit has its own hydro and gas meter, while on-site laundry provides added convenience for tenants. Two of the units have been thoughtfully updated, blending modern finishes with the character of the building. Key mechanical updates include a furnace and hot water tank completed in 2023, along with renovations to Unit 1 in 2024 and Unit 3 in 2023. Unit 3 also received a new entrance in 2025, and the sewer and drain lines have been replaced and lined with CIPP for added long-term peace of mind. The property offers parking for two vehicles and a functional layout that continues to attract quality tenants. With all three units currently rented and a solid rental history, this is an excellent opportunity for an investor looking to add a cash-flowing property to their portfolio or an owner-occupant looking for a multi-unit property with established rental income. Located in Chatham, this triplex offers the income, flexibility and updates that make for a compelling investment opportunity. (id:13843)
Details
| MLS # | X13731244 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 63 |
| Listing Provided By | BLUE FOREST REALTY INC. | TAYLOR IVANY |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RL3 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2158 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Chatham-Kent (Chatham) |
| Postal Code | N7M2R6 |
| Listing VS Median (in N7M2R6) | |
Price: $299,000 low | high Med: $299,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $150 low | high Med: $150 On site: 63 low | high Med: 63 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Chatham-Kent (Chatham) |
| Postal Code | N7M2R6 |
| Listing VS Median (in N7M2R6) | |
Price: $299,000 low | high Med: $299,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $150 low | high Med: $150 On site: 63 low | high Med: 63 | |
