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CAONChatham128 West St
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128 West St, Chatham, ON

House

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MLS® 26008439

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $2,158
Days Active 1
Lot Size 
Approx. Age 1900
MLS® Number 26008439

Property Address: 128 West St, Chatham, ON, N7M2R6

Average square foot calculated using Size range provided by listing agent.

Description

This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2, 135 per month from two tenanted units, with a third unit vacant that was previously rented for $1, 195 per month plus utilities, bringing the potential gross monthly income to $3, 330.The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1, 050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1, 085 per month, inclusive. Unit 3 is a 1-bedroom that is currently vacant and was previously rented for $1, 195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience. Two of the units have been thoughtfully updated, blending modern finishes with character. Key mechanical updates include a furnace and a hot water tank completed in 2023. Additional improvements include renovations to Unit 1 in 2024 and Unit 3 in 2023, a new entrance for Unit 3 completed in 2025, and sewer and drain lines that have been replaced and lined with CIPP for long-term peace of mind. The property also offers parking for two vehicles and a functional layout that continues to attract quality tenants. Whether you're expanding your portfolio or entering the market with a house hacking strategy, this is a solid income-generating opportunity in Chatham. (id:58753)Show Description
MLS® Number26008439
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
128 West St, Chatham, ON

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