view of home's exterior featuring a lawn, a porch, and brick siding Features: brick siding, lawn, porch More Photos

×

    For Sale - 266 Grand Avenue, Chatham, Ontario

    Est payment $2,396/mo
    Get pre-qualified
    Views   5
    Time on Jump  58 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 61
    ASAP

    Tue

    16

    Jun

    Wed

    17

    Jun

    Thu

    18

    Jun

    Fri

    19

    Jun

    Sat

    20

    Jun

    Sun

    21

    Jun

    Mon

    22

    Jun

    Tue

    23

    Jun

    Wed

    24

    Jun

    Thu

    25

    Jun

    Fri

    26

    Jun

    Sat

    27

    Jun

    Sun

    28

    Jun

    Mon

    29

    Jun

    Tue

    30

    Jun

    Wed

    1

    Jul

    Thu

    2

    Jul

    Fri

    3

    Jul

    Sat

    4

    Jul

    Sun

    5

    Jul

    Mon

    6

    Jul

    Tue

    7

    Jul

    Wed

    8

    Jul

    Thu

    9

    Jul

    Fri

    10

    Jul

    Sat

    11

    Jul

    Sun

    12

    Jul

    Mon

    13

    Jul

    Tue

    14

    Jul

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    40751 Londesboro Road
    Central Huron, Ontario.
    1 Beds | 1 Baths
    $499,900
    167 Gelderland Private
    Kanata, Ontario.
    3 Beds | 3 Baths
    $560,000
    14 Castlebury Crescent
    Toronto, Ontario.
    5 Beds | 2 Baths
    $799,000
    143 Sand Road
    East Gwillimbury, Ontario.
    5 Beds | 5 Baths
    $1,350,000
    220 Roe Avenue
    Toronto, Ontario.
    5 Beds | 5 Baths
    $3,690,000
    17 Leyburn Avenue
    Richmond Hill, Ontario.
    4 Beds | 5 Baths
    $2,498,000
    351 Lawrence Avenue
    Toronto, Ontario.
    5 Beds | 4 Baths
    $1,988,000
    1511 Queens Line
    Whitewater Region, Ontario.
    2 Beds | 1 Baths
    $349,900
    809 Broadway Avenue
    Welland, Ontario.
    2 Beds | 1 Baths
    $490,000
    Loading...
    266 Grand Avenue
    Chatham , Ontario
    $499,000
    Get more info