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corridor featuring light hardwood / wood-style floors Features: hardwood floor

doorway to outside with light hardwood / wood-style floors Features: hardwood floor

kitchen featuring a wall mounted air conditioner, backsplash, stainless steel appliances, sink, and white cabinets Features: opens to living area, range oven, natural light, textured ceiling, shaker cabinets, microwave, sink, countertops, backsplash, wall mounted ac, kitchen peninsula, hardwood floor, white cabinets

kitchen featuring white cabinetry, sink, decorative backsplash, appliances with stainless steel finishes, and light wood-type flooring Features: microwave, refrigerator, shaker cabinets, white cabinets, range oven, sink, countertops, backsplash, hardwood floor

kitchen featuring white cabinets, sink, decorative backsplash, light wood-type flooring, and stainless steel appliances Features: sink, shaker cabinets, refrigerator, backsplash, range oven, white cabinets, countertops, hardwood floor, microwave

empty room featuring a wall mounted air conditioner, light hardwood / wood-style floors, and a textured ceiling Features: textured ceiling, natural light, hardwood floor, wall mounted ac

full bathroom featuring hardwood / wood-style flooring, vanity, toilet, and tiled shower / bath Features: vanity, vent, hardwood floor, combined bath shower, toilet

full bathroom featuring toilet, vanity, and tiled shower / bath combo Features: mirror, toilet, sink, vanity, combined bath shower

full bathroom with vanity, toilet, and tiled shower / bath Features: toilet, combined bath shower, sink, mirror, vanity

corridor featuring light hardwood / wood-style flooring Features: hardwood floor

unfurnished bedroom featuring light hardwood / wood-style flooring and a closet Features: hardwood floor, closet

unfurnished bedroom featuring multiple windows, light hardwood / wood-style flooring, and a closet Features: natural light, closet, hardwood floor

laundry room featuring light wood-type flooring, washer and clothes dryer, and a baseboard heating unit Features: hardwood floor, refrigerator, natural light, laundry, separate washer dryer, baseboard radiator

staircase with brick wall Features: brick wall

hall with dark colored carpet Features: natural light, smoke carbon monoxide detector, carpet, textured ceiling

view of snowy aerial view Features: residential view

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For Sale - 388 PARK Avenue, Chatham, Ontario

388 Park Avenue

Chatham , Ontario

$2,650,000

Est payment $13,554/mo

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Time on Jump 9 day

AI Summary *

12-plex with 11 spacious 2-bedroom and 1 cozy 1-bedroom unit.
8 fully renovated units featuring modern kitchens and in-suite laundry.
Cost-effective setup with tenants covering heating and hydro.
Property includes 18 parking spaces and coin-operated laundry options.
Great investment potential in a desirable location.

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Purchase Price

Term

Interest Rate

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Down Payment:
$ 132,500 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

Prime investment opportunity! This 12-plex includes 11 spacious 2-bedroom units and 1 cozy 1-bedroom unit, with 8 units fully renovated in 2022. These updated units feature in-suite laundry, modern kitchens with quartz countertops, and stainless steel appliances, including a dishwasher, fridge, stove, and microwave. Tenants pay heating and hydro, while the landlord covers water and common hydro. Most units are equipped with ductless heat pumps and baseboard heating. The property offers 18 parking spaces and a coin-operated laundry room for units without in-suite facilities. Don't miss this incredible opportunity!

Listing ID25000576

Address388 PARK Avenue

CityChatham, Ontario

Price$2,650,000

ConstructionBrick

FlooringCushion or Lino or Vinyl

TypeMulti-Family

StatusFor Sale

Extras

Subtype 9 - 12 UnitAcreage 0.372Inclusions ALL REFRIGERATORS; STOVES IN UNITS; 8 STACKED WASHER/DRYERS; 1 COIN OPERATED WASHER/DRYEROwnership FreeholdBuilding Amenities Laundry FacilityFoundation ConcreteHeating / Cooling Baseboard Heaters, Ductless, Heat PumpHeating Fuel ElectricHot Water Tank ElectricUtility Water Municipal WaterSewer Sanitary

Market Info

Date Listed Jan 9, 2025Days on Market 10Parking Paved

Listing Agency:
BLUE FOREST REALTY INC.

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JUMP FEATURED AGENT

Corrine Bridger

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Listing Agency:
BLUE FOREST REALTY INC.

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For Sale - 388 PARK Avenue, Chatham, Ontario

AI Summary *

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Property Info

Extras

Market Info

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