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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-residential home with exceptional income potential.
    • Self-contained units with private entrances and modern updates throughout.
    • Two vacant units ready to set market rents at approximately $1,500 monthly.
    • Recent upgrades ensure low-maintenance living and significant improvements.
    • Desirable location near downtown shopping, dining, and conveniences.




    Attention investors looking for a distinguished investment residence offering exceptional income potential. This fully renovated multi residential home zoned rl2 with units in the upper, middle, and lower floors offers a rare opportunity to set your own rents and maximize returns from day one with vacant possession available. 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.
    Listing ID26008870
    Address31 Adelaide Street
    CityChatham, Ontario
    Price$379,900
    ConstructionAluminum/Vinyl
    FlooringCeramic or Porcelain, Laminate
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexAcreage 0.073Inclusions All AppliancesOwnership FreeholdFoundation 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 2Parking Gravel
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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
    $379,900
    Get more info