More Photos

×

    For Sale - 266 Grand Avenue, Chatham, Ontario

    Est payment $2,300/mo
    Get pre-qualified
    Views   2
    Time on Jump  1 days




    Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units now vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a premium lot backing onto the thames river, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in may 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come.
    Listing ID26017398
    Address266 Grand Avenue
    CityChatham, Ontario
    Price$479,000
    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 Jul 17, 2026Days on Market 4
    ASAP

    Wed

    22

    Jul

    Thu

    23

    Jul

    Fri

    24

    Jul

    Sat

    25

    Jul

    Sun

    26

    Jul

    Mon

    27

    Jul

    Tue

    28

    Jul

    Wed

    29

    Jul

    Thu

    30

    Jul

    Fri

    31

    Jul

    Sat

    1

    Aug

    Sun

    2

    Aug

    Mon

    3

    Aug

    Tue

    4

    Aug

    Wed

    5

    Aug

    Thu

    6

    Aug

    Fri

    7

    Aug

    Sat

    8

    Aug

    Sun

    9

    Aug

    Mon

    10

    Aug

    Tue

    11

    Aug

    Wed

    12

    Aug

    Thu

    13

    Aug

    Fri

    14

    Aug

    Sat

    15

    Aug

    Sun

    16

    Aug

    Mon

    17

    Aug

    Tue

    18

    Aug

    Wed

    19

    Aug

    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

    58 Methodist Island
    Tay, Ontario.
    3 Beds | 2 Baths
    $899,900
    898 Charleswood Avenue
    Overbrook - Castleheights A…
    3 Beds | 2 Baths
    $669,900
    5 Lemsford Drive
    Markham, Ontario.
    5 Beds | 5 Baths
    $2,199,999
    33 First Avenue
    Quinte West, Ontario.
    4 Beds | 2 Baths
    $470,000
    253 Marlborough Street
    Brantford, Ontario.
    2 Beds | 1 Baths
    $474,900
    5596 Scobie Crescent
    Manotick - Kars - Rideau Tw…
    4 Beds | 4 Baths
    $1,749,000
    1172 Alliance Street
    Lasalle, Ontario.
    2 Beds | 2 Baths
    $649,900
    4 Garibaldi Drive
    Barrie, Ontario.
    4 Beds | 2 Baths
    $658,000
    393 Malabar Drive
    Kingston, Ontario.
    3 Beds | 2 Baths
    $499,900
    Loading...
    266 Grand Avenue
    Chatham , Ontario
    $479,000
    Get more info