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266 Grand Ave W, Chatham, ON

Name: 266 Grand Ave W, For Sale in Chatham - Zoocasa
Brand: NEST REALTY INC.
SKU: 26026081
Price: 469000 CAD

House

For Sale

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000

MLS® 26026081

Overview

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage

Taxes $3,972

Days Active 1

Lot Size

Approx. Age 1900

MLS® Number 26026081

Property Address: 266 Grand Ave W, Chatham, ON, N7L1C1

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

Description

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a large lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:58753)Show Description

MLS® Number26026081

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

Basement

DrivewayOther

Garage Spaces

HeatNatural gas, Furnace

A/CCentral air conditioning

Extras

Rooms

Show Details

Office:Main Floor8.1 × 7.4 ft

Living Room:Second Floor11.2 × 16.1 ft

Dining Room:Second Floor11.2 × 9.2 ft

Other:BasementNot available

Bedroom 1:Second Floor11 × 9.6 ft

Kitchen:Second Floor8.9 × 13.2 ft

Other:Second FloorNot available

Map

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