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A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning. (id:64906)
41 ADELAIDE Street is located in Chatham, Ontario, with a current listing price of $284,900. This multi-family property is currently available.
Interested in learning more about 41 ADELAIDE Street? Review the property details above — including taxes, year built, lot size, construction, interior and exterior features, parking, and any neighbourhood amenities in the Chatham area as filed by the listing brokerage.
You can also contact the Sellit2u Real Estate Group to book a private tour of MLS® 26008922 or other homes for sale in Chatham. Our team has deep expertise in the Chatham and Windsor-Essex real estate market — call 519-903-5117 to connect with an agent today.
A quick estimate based on this property's list price. Run the full numbers — including closing costs and Ontario land-transfer tax — on the Tools page.
Principal & interest only. Excludes property tax, insurance, condo fees, and CMHC where applicable.
Listing courtesy of Jeremy Lloyd Ivany, Blue Forest Realty INC..
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