view of property featuring covered porch Features: porch More Photos

For Sale - 152-154, 158, 162 COLBORNE Street, Chatham, Ontario

Est payment $2,538/mo
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Time on Jump  40 day

AI Summary *

  • Fully renovated triplex with two 2-bedroom and one 1-bedroom unit.
  • Separate utilities for each unit provide tenant independence and flexibility.
  • Ample parking with two double driveways and extra land parcels.
  • Desirable location backing onto McGregor's Creek for scenic views.
  • Great rental income potential with established market rates for units.




Investor's dream - set your own rents! This fully renovated, **completely vacant** legal triplex includes two 2-bedroom units and one 1-bedroom unit, each with separate furnaces, water heaters, and electrical meters for tenant independence. City-approved and to code, it boasts all-new electrical, plumbing, drywall, flooring, windows, doors, siding, and roof. The identical 2 bedroom units could rent at approx. $1900/mth each, 1 bedroom unit $1400/mth. With two double driveways and two extra parcels of land (see picture), there’s ample parking and room for future potential. Backing onto mcgregor’s creek, this property combines rental income potential with scenic appeal—an exceptional, high-quality investment opportunity in a prime location! Seller will consider adding adding all appliances to each to unit for the right prcie to make this a true turnkey investment. Seller will also hold vendor takeback loan for up to 200k.
Listing ID24027385
Address152-154, 158, 162 COLBORNE Street
CityChatham, Ontario
Price$498,900
ConstructionAluminum/Vinyl
FlooringLaminate
TypeMulti-Family
StatusFor Sale

Subtype TriplexAcreage 0.284Ownership FreeholdFoundation BlockHeating / Cooling Forced Air, FurnaceHeating Fuel Natural GasHot Water Tank ElectricUtility Water Municipal WaterSewer Sanitary

Date Listed Nov 11, 2024Days on Market 41Parking Gravel
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Kristi Monforton

Kristi Monforton

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Listing Agency:  RE/MAX PREFERRED REALTY LTD.
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152-154, 158, 162 Colborne Street
Chatham , Ontario
$498,900
Get more info