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For Sale - 266 Grand Avenue, Chatham, Ontario

Est payment $3,012/mo
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Time on Jump  93 day

Property Info

Turnkey investment opportunity, fully occupied triplex with strong cash flow and noi. Well maintained, backing onto the thames river, zoned urban commercial, with endless income opportunities and potential uses. Currently set up as 3 separate units. Main floor unit is a well appointed 2 bed plus bonus room, renting for $1485 a month, all incl. Cozy basement unit recently renovated, renting for $1076 a month, all incl. Upper unit is very spacious with future potential as it has an additional floor that is not currently utilized. Renting for $830 plus hydro and gas. All units are occupied and rents are paid on time. Annual gross income of $40,692. Estimated annual expenses of $9832, with an approx. Noi of $30,860. Please allow a minimum of 24 hours notice for all showings.
Listing ID24018163
Address266 Grand Avenue
CityChatham, Ontario
Price$599,000
ConstructionAluminum/Vinyl, Brick
FlooringCushion or Lino or Vinyl, Hardwood or En…
Land Size80.56 x Irregular
TypeMulti-Family
StatusFor Sale

Subtype TriplexAcreage 0.510Inclusions Main Floor Unit: Gas stove, fridge, OTR microwave Basement Unit: Gas stove, fridge Upper Unit: Electric stove, fridge Washer & Dryer in basementOwnership FreeholdFoundation Block, ConcreteHeating / Cooling Central Air Conditioning, Furnace, Other, See RemarksHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary

Date Listed Aug 6, 2024Days on Market 96
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Brad Lyons

Brad Lyons

Sales Representative

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Listing Agent:  MEG LYTTLE
Listing Agency:  NEST REALTY INC.
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266 Grand Avenue
Chatham , Ontario
$599,000
Get more info