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CAONChatham31 Adelaide St N
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31 Adelaide St N, Chatham, ON

House

For Sale

$X
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MLS® 26001875

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage 
Taxes $3,525
Days Active 79
Lot Size 
Approx. Age 
MLS® Number 26001875

Property Address: 31 Adelaide St N, Chatham, ON, N7M4K2

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

Description

Attention investors. This fully renovated legal non-conforming triplex offers a rare opportunity to set your own rents and maximize returns from day one with vacant possession available. Located in a desirable Northside Chatham neighbourhood within walking distance to downtown amenities, Tecumseh Park, and the Cultural Centre, this property is well-positioned to attract strong tenant demand. The property features three self-contained units, each with private entrances, updated kitchens and bathrooms, new flooring, lighting, and appliances throughout. With approximately $80, 000 in recent upgrades, including electrical panels, plumbing updates, exterior improvements, and a new waterline, this is a low-maintenance asset with significant capital improvements already completed. Two units are currently vacant and market rent is estimated at approximately $1, 500 per month per unit, all inclusive. The third unit is owner-occupied and will be vacant on closing, allowing the buyer full flexibility to establish market rents across all three units. Operating expenses are estimated at approximately $9, 045 per year (to be verified by the Buyer), providing a strong opportunity to stabilize the asset and optimize cash flow. Additional features include shared laundry, ample on-site parking, and a refreshed exterior with new siding, fencing, and outdoor space. Buyer to complete their own due diligence with respect to zoning, permitted uses, and compliance with municipal by-laws. The Seller makes no representations or warranties as to the current or future use of the property. (id:58753)Show Description
MLS® Number26001875
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Bedroom 1:Main Floor8.8 × 12.3 ft
Kitchen:Main Floor10.2 × 13.5 ft
Other:Main FloorNot available
Other:Second FloorNot available
Living Room:Main Floor12.11 × 13 ft
Other:Second FloorNot available
Dining Room:Main Floor12.5 × 13 ft

Price History

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  • Commute

Commute

Starting Address
Destination Address
31 Adelaide St N, Chatham, ON

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