We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home
/
ON
/
Greater Chatham-Kent
/
Chatham-Kent
/
Chatham
266 Grand AVENUE West
Directions Print
More Photos + 36
266 Grand AVENUE West $575,000
$575,000
Hide
Favourite

266 Grand AVENUE West
Chatham, Ontario N7L1C1

MLS® Number: 25002465

Listing Description

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. (52892386)

Location Description

Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
3
Title
Freehold
Land Size
80.56 x Irregular|1/2 - 1 acre
Built in
1900
Annual Property Taxes
$3,667.02
Parking Type
Other (6)
Time on REALTOR.ca
41 days

Building

Interior Features
Flooring
Hardwood, Laminate, Cushion/Lino/Vinyl
Building Features
Foundation Type
Block, Concrete
Rental Equipment
Water Heater - Gas
Total Units
3
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Furnace, (Natural gas)
Exterior Features
Exterior Finish
Aluminum/Vinyl, Brick
Parking
Parking Type
Other (6)

Land

Other Property Information
Zoning Description
UC (HC1)
Data provided by: Chatham Kent Association of REALTORS® P.O. Box 362 Stn. Main, Chatham, Ontario N7M 5K6
519-359-0604
519-354-7476
Email
Book showing
NEST REALTY INC.
150 Wellington St. W.
Chatham, Ontario N7M1J3
519-354-7474
519-354-7476

Similar Listings

MEG LYTTLE