Property Information:

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:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Type: None
Exterior Finish: Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 3
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 104.8 Feet
Lot Frontage: 56.5 Feet
Lot Size: 56.5 x 104.9 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: BLUE FOREST REALTY INC.

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Demographic Information of 41 ADELAIDE STREET S, Chatham-Kent (Chatham), Ontario, N7M 4R1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,932.61

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.72 %

High school certificate or equivalent

39.56 %

Apprenticeship trade certificate/diploma

3.84 %

College/non-university certificate

20.01 %

University certificate (below bachelor)

0.07 %

University Degree

9.8 %

Commuter

Travel To Work

By Car

85.72 %

By Public Transit

0.67 %

By Walking

9.51 %

By Bicycle

0.0 %

By Other Methods

4.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.98 %

Houses

53.02 %

41 ADELAIDE STREET S, Chatham-Kent (Chatham), Ontario, N7M 4R1