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Est. payment | -/mo

3 Beds

2 Baths

Save

Est. payment | -/mo

Save

3 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Chatham

MLS Listing ID X13062164

Style 2-Storey

Bedrooms 3

Annual Tax Amount $2,158

Tax Year 2025

Property Sub-Type Triplex

Property Description

This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2,135 per month from two tenanted units, with a third unit vacant that was previously rented for $1,195 per month plus utilities, bringing the potential gross monthly income to $3,330.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 that is currently vacant and was previously rented for $1,195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience. Two of the units have been thoughtfully updated, blending modern finishes with character. Key mechanical updates include a furnace and a hot water tank completed in 2023. Additional improvements include renovations to Unit 1 in 2024 and Unit 3 in 2023, a new entrance for Unit 3 completed in 2025, and sewer and drain lines that have been replaced and lined with CIPP for long-term peace of mind. The property also offers parking for two vehicles and a functional layout that continues to attract quality tenants. Whether you're expanding your portfolio or entering the market with a house hacking strategy, this is a solid income-generating opportunity in Chatham.

Location

Province ON

County Chatham-kent

Area Chatham-Kent

Zoning RL3

Rooms

Family Room No

Basement Partial Basement, Crawl Space

Kitchen 3

Interior

Interior Features None

Cooling None

Inclusions 3 REFRIGERATORS; 3 STOVES; 1 WASHER; 1 DRYER;

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 49.08

Lot Depth 106.75

Total Parking Spaces 2

Building

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by BLUE FOREST REALTY INC.

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128 West ST Chatham-kent, ON N7M 2R6