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    For Sale - 266 Grand Avenue, Chatham, Ontario

    Est payment $2,396/mo
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    Views   2
    Time on Jump  2 day

    AI Summary *

    • Turnkey triplex with solid cash flow and income potential.
    • Premium lot with riverfront views and redevelopment options.
    • Three separate units with diverse rental income opportunities.
    • Updated basement unit ready for immediate rent optimization.
    • Projected solid NOI makes for a great investment opportunity.




    Turnkey cash-flowing triplex with strong income potential, solid cash flow, and attractive noi. Positioned on a premium lot backing onto the thames river, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000–$16,000, resulting in an approximate noi of $26,000. New roof installed may 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone.
    Listing ID26008228
    Address266 Grand Avenue
    CityChatham, Ontario
    Price$499,000
    ConstructionAluminum/Vinyl, Brick
    FlooringCushion or Lino or Vinyl, Hardwood or En…
    Land Size80.56 x Irregular
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexAcreage 0.510Ownership FreeholdFoundation Block, ConcreteHeating / Cooling Central Air Conditioning, Furnace, Other, See RemarksHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary

    Date Listed Apr 15, 2026Days on Market 6
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    Listing Agency:  NEST REALTY INC.

    * Data is provided courtesy of WECAR. 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 WECAR.

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    266 Grand Avenue
    Chatham , Ontario
    $499,000
    Get more info