31 Adelaide STREET North, Chatham, ON N7M4K2
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31 Adelaide STREET North, Chatham, ON N7M4K2
31 Adelaide STREET North, Chatham, ON N7M4K2
31 Adelaide STREET North, Chatham, ON N7M4K2
31 Adelaide STREET North, Chatham, ON N7M4K2
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Nest Realty Inc. Brokerage

Nest Realty Inc. Brokerage

+1(519) 354-7474
$ 379,900
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31 Adelaide STREET North Chatham, ON N7M4K2

3 Beds

3 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

MLS® Listing ID 26008213

Bedrooms 3

Property Sub-Type Freehold

Property Description

Welcome to this fully renovated Northside property offering flexibility for homeowners and investors alike. This home can be easily converted back to a single dwelling. This fully renovated multi residential home is zoned RL2 with units in the upper, middle, and lower floors offering a rare opportunity to live in one unit and rent the others and maximize returns. All units are self contained with private entrances, updated kitchens and bathrooms, new flooring, lighting, and appliances throughout. With approximately $80,000 in recent upgrades, including electrical panels, plumbing updates, exterior improvements, and a new waterline, this is a low-maintenance asset with significant capital improvements already completed. Two units are currently vacant and market rent is estimated at approximately $1,500 per month per unit, all inclusive. The lower unit is owner-occupied and will be vacant on closing, allowing the buyer full flexibility to establish market rents. Operating expenses are estimated at approximately 9,000 per year (to be verified by the Buyer), providing a strong opportunity to stabilize the asset and optimize cash flow. Additional features include shared laundry, ample on-site parking, and a refreshed exterior with new siding, fencing, and outdoor space. Situated in a desirable North Chatham enclave, just moments from downtown boutique shopping, dining, and everyday conveniences - offering both lifestyle and investment appeal. This property is well-positioned to attract strong tenant demand. Call today for your private showing (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level Measurements not available 4pc Bathroom

Extra Room 2 Second level 13 ft , 2 in X 9 ft , 1 in Bedroom

Extra Room 3 Second level Measurements not available Foyer

Extra Room 4 Second level 13 ft , 1 in X 8 ft , 11 in Kitchen

Extra Room 5 Second level 13 ft , 1 in X 10 ft , 2 in Living room

Extra Room 6 Lower level 10 ft , 1 in X 9 ft , 5 in Bedroom

Interior

Heating Baseboard heaters, Forced air, Furnace, ,

Flooring Ceramic/Porcelain, Laminate

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Nest Realty Inc. Brokerage

Nest Realty Inc. Brokerage

+1(519) 354-7474

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31 Adelaide STREET North