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

    Est payment $1,368/mo
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    Views   3
    Time on Jump  19 day




    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 IDX13637634
    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
    Chatham-Kent , Ontario
    4 3 $284,900
    Get more info