view of front of home featuring a porch and a front lawn Features: porch, stairs, horizontal siding, downspout, driveway, central ac, satellite dish, gutters, lawn, parking pad More Photos

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    For Sale - 128 West Street, Chatham-Kent, Ontario

    Est payment $1,560/mo
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    Views   1
    Time on Jump  67 day

    AI Summary *

    • Triplex generating strong rental income with two units currently tenanted.
    • Vacant unit ready for a buyer to move in or set market rent.
    • Flexible layout with three self-contained units and separate meters.
    • Recent mechanical updates including a new furnace and hot water tank.
    • Convenient on-site laundry and parking for two vehicles.




    This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2,135 per month from two tenanted units, with a third unit vacant that was previously rented for $1,195 per month plus utilities, bringing the potential gross monthly income to $3,330. The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive. Unit 3 is a 1-bedroom that is currently vacant and was previously rented for $1,195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience. Two of the units have been thoughtfully updated, blending modern finishes with character. Key mechanical updates include a furnace and a hot water tank completed in 2023. Additional improvements include renovations to unit 1 in 2024 and unit 3 in 2023, a new entrance for unit 3 completed in 2025, and sewer and drain lines that have been replaced and lined with cipp for long-term peace of mind. The property also offers parking for two vehicles and a functional layout that continues to attract quality tenants. Whether you're expanding your portfolio or entering the market with a house hacking strategy, this is a solid income-generating opportunity in chatham.
    Listing IDX13062164
    Address128 West Street
    CityChatham-Kent, Ontario
    Price$324,900
    Bed / Bath3 / 2 Full
    Style2-Storey, Triplex
    ConstructionAluminum Siding, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features NoneOwnership FreeholdBasement Partial Basement, Crawl SpaceFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  BLUE FOREST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    128 West Street
    Chatham-Kent , Ontario
    3 2 $324,900
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