$999,900

House For Sale In Chatham, Ontario

$999,900

Property Information:

A rare opportunity to acquire a very large, purpose-built 2-storey fourplex designed for strong cash flow, flexibility, and long-term wealth building. Each spacious unit offers 3 bedrooms with potential for a 4th bedroom in the basement, 1.5 bathrooms including a convenient main floor powder room, generous kitchen space, in-suite laundry, parking, and a private fenced yard with green space, ideal for families and long-term tenant appeal. This well-maintained, low-maintenance income property is separately metered for gas, hydro, and water, meaning no utilities need to remain in the landlord’s name. All major equipment is owned, including the updated furnaces, central air units, and hot water tanks, adding further peace of mind and reducing operating costs. Units 1 and 3 are occupied by long-term, stable tenants, providing steady existing income. Units 2 and 4 are currently vacant and being operated as high-producing short-term rentals, offering the new owner excellent flexibility to continue exploring lucrative Airbnb-style income or set market rents with new long-term tenants. With a strong unit mix, owned equipment, separate utilities, private outdoor space, and multiple income strategies available, this is a true turnkey investment opportunity for investors looking to add a high-performing fourplex to their portfolio. Buyer to verify all future intended uses, including short-term rental permissions.

Property Features:

  • Bedrooms: 0
  • Acreage Info: N/A or Unknown
  • Built in: 1975
  • District: North East
  • Exterior Finish: Aluminum/Vinyl, Brick
  • Flooring: Carpeted, Ceramic/Porcelain, Cushion/Lino/Vinyl, Parquet
  • Foundation: Block
  • Geocode Source: Google
  • Heating Cooling: Central Air Conditioning, Furnace
  • Hot Water Tank: Owned
  • Hot Water Tank Type: Gas
  • Major Area: Chatham City
  • MFA 3 bedroom Units Details: Elec, Heat, Water
  • MFA Appliances Included: Dryer, Refrigerator, Stove, Washer
  • MFA Building Amenities: Fence, Laundry Facility, Public Transportation Nearby, Storage
  • MFA Building Type: Fourplex
  • MFA Building Usage: Residential Only
  • Mortgage: Treat As Clear
  • Occupancy: Tenant, Vacant
  • ParkingFinish: Gravel
  • Property Is: Building & Land
  • Property SubTypes: Fourplex
  • PropertyType: Multi-Family
  • Roof: Asphalt Shingle
  • Sewer Availability: Connected
  • Showings: Call First, Direct
  • Side Of Road: West
  • Sub District: N11
  • Tax Year:
  • Title: Freehold
  • Water Availability: Connected
  • Zoning: RM2
  • Heating Fuel: Natural Gas
  • Water: Municipal Water
  • Sewer: Sanitary

Rooms:

  • Foyer Other level :Main Level
  • Foyer Other level :Main Level
  • Foyer Other level :Main Level
  • Foyer Other level :Main Level
  • Bathroom Other level :Main Level Note: Bath 2-Piece
  • Bathroom Other level :Main Level Note: Bath 2-Piece
  • Bathroom Other level :Main Level Note: Bath 2-Piece
  • Bathroom Other level :Main Level Note: Bath 2-Piece
  • Kitchen Other level :Main Level
  • Kitchen Other level :Main Level
  • Kitchen Other level :Main Level
  • Kitchen Other level :Main Level
  • Living Other level :Main Level
  • Living Other level :Main Level
  • Living Other level :Main Level
  • Living Other level :Main Level
  • Primary Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Primary Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Primary Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Bedroom 2nd Level :2nd
  • Bathroom 2nd Level :2nd Note: Bath 4-Piece
  • Bathroom 2nd Level :2nd Note: Bath 4-Piece
  • Bathroom 2nd Level :2nd Note: Bath 4-Piece
  • Bathroom 2nd Level :2nd Note: Bath 4-Piece
  • Family Basement Level
  • Family Basement Level
  • Family Basement Level
  • Family Basement Level
  • Laundry Basement Level
  • Laundry Basement Level
  • Laundry Basement Level
  • Laundry Basement Level
  • Utility Basement Level
  • Utility Basement Level
  • Utility Basement Level

Courtesy of: Royal LePage Binder Real Estate

Data provided by: Windsor-Essex County Association of REALTORS® 3020 Deziel Dr., Windsor, Ontario N8W 5H8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved