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    For Sale - 31 Adelaide Street, Chatham, Ontario

    Est payment $1,824/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Fully renovated multi-family property with flexible living and investment options.
    • Zoned RL2 with self-contained units and private entrances for privacy.
    • Recent upgrades total approximately $80,000, reducing future maintenance needs.
    • Market rent potential of around $1,500 per month for each vacant unit.
    • Located near downtown, offering convenient access to shopping and dining.




    Welcome to this fully renovated northside property offering flexibility for homeowners and investors alike. This home can be easily converted back to a single dwelling. This fully renovated multi residential home is zoned rl2 with units in the upper, middle, and lower floors offering a rare opportunity to live in one unit and rent the others and maximize returns. All units are self contained with private entrances, updated kitchens and bathrooms, new flooring, lighting, and appliances throughout. With approximately $80,000 in recent upgrades, including electrical panels, plumbing updates, exterior improvements, and a new waterline, this is a low-maintenance asset with significant capital improvements already completed. Two units are currently vacant and market rent is estimated at approximately $1,500 per month per unit, all inclusive. The lower unit is owner-occupied and will be vacant on closing, allowing the buyer full flexibility to establish market rents. Operating expenses are estimated at approximately 9,000 per year (to be verified by the buyer), providing a strong opportunity to stabilize the asset and optimize cash flow. Additional features include shared laundry, ample on-site parking, and a refreshed exterior with new siding, fencing, and outdoor space. Situated in a desirable north chatham enclave, just moments from downtown boutique shopping, dining, and everyday conveniences - offering both lifestyle and investment appeal. This property is well-positioned to attract strong tenant demand. Call today for your private showing!
    Listing ID26008213
    Address31 Adelaide Street
    CityChatham, Ontario
    Price$379,900
    Bed / Bath3 / 3 Full
    Style2 Storey
    ConstructionAluminum/Vinyl
    FlooringCeramic or Porcelain, Laminate
    TypeResidential
    StatusFor Sale

    Subtype 2 StoreyAcreage 0.073Inclusions All appliancesDriveway Double Width Or More DriveParking NoneOwnership FreeholdRental Equipment Hot Water TankBasement FullFoundation BrickHeating / Cooling Baseboard Heaters, Forced Air, FurnaceHeating Fuel Electric, Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary

    Date Listed Apr 22, 2026Days on Market 2
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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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    31 Adelaide Street
    Chatham , Ontario
    3 3 $379,900
    Get more info