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$ 499,000
Est. payment /mo
New
266 Grand AVENUE West Chatham, ON N7L1C1
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26008228
Year Built 1900
Property Sub-Type Freehold
Property Description
Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000–$16,000, resulting in an approximate NOI of $26,000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Furnace,
Cooling Central air conditioning
Flooring Hardwood, Laminate, Cushion/Lino/Vinyl
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by NEST REALTY INC.
NEARBY SCHOOL & BUSINESS
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