41 ADELAIDE STREET South, Chatham, ON N7M4R1
41 ADELAIDE STREET South, Chatham, ON N7M4R1
41 ADELAIDE STREET South, Chatham, ON N7M4R1
41 ADELAIDE STREET South, Chatham, ON N7M4R1
41 ADELAIDE STREET South, Chatham, ON N7M4R1
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Kevin Lal

Kevin Lal

+1(778) 242-6309
$ 284,900
Est. payment | /mo
Save
$ 284,900
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

MLS® Listing ID 26018451

Year Built 1923

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level Measurements not available 4pc Bathroom

Extra Room 2 Second level 13 ft , 5 in X 12 ft , 4 in Office

Extra Room 3 Second level 13 ft , 5 in X 12 ft , 5 in Primary Bedroom

Extra Room 4 Main level 13 ft , 6 in X 12 ft , 7 in Kitchen

Extra Room 5 Main level 13 ft , 6 in X 12 ft , 7 in Living room

Extra Room 6 Main level 9 ft , 1 in X 11 ft , 11 in Bedroom

Interior

Heating Forced air,

Flooring Laminate, Cushion/Lino/Vinyl

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Listed by BLUE FOREST REALTY INC.

NEARBY SCHOOL & BUSINESS

Kevin Lal

+1(778) 242-6309

kevinlaltherealtor@gmail.com

#200 - 7404 King George Blvd, Surrey, BC, V3W 1N6, CAN

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41 ADELAIDE STREET South