For Sale - 41 Adelaide Street, Chatham-Kent, Ontario

Est payment $1,368/mo
Views   1
Time on Jump  3 day
  • Centrally located triplex in a CBD-zoned area, ideal for investment.
  • One unit already tenanted, generating immediate monthly income.
  • Two vacant units ready for renovation, offering strong value-add potential.
  • Separate utility meters for easy management and tenant responsibility.
  • On-site parking available, convenient for all tenants.



A rare value-add triplex in a centrally located cbd-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within cbd zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning.
Listing IDX13037228
Address41 Adelaide Street
CityChatham-Kent, Ontario
Price$284,900
Bed / Bath4 / 3 Full
Style2-Storey, Triplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype TriplexIndoor Features NoneOwnership FreeholdBasement NoneFoundation Brick, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 3.00
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Listing Agency:  BLUE FOREST REALTY INC.

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41 Adelaide Street
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