For Sale - 47 Sherman Street, Chatham-Kent, Ontario

Est payment $4,082/mo
Views   1
Time on Jump  2 day
  • Legal four-unit residential income property with immediate rental income.
  • One vacant unit ready for renovation to set your own market rent.
  • Remaining units already tenanted for steady cash flow during improvements.
  • Located near amenities, schools, and transit for consistent rental demand.
  • Great potential for increased rental income and property value with updates.



Welcome to 47 sherman street in chatham - a rare opportunity to acquire a legal, purpose-built four-unit residential income property. Whether you're an investor looking to expand your portfolio or a buyer seeking strong rental potential, this property offers both immediate income and significant upside. Comprised of four self-contained units, the building provides a solid multi-residential layout with one unit currently vacant - perfect for a buyer to renovate and set their own market rent. The remaining units offer existing tenancy, allowing for income while improvements are made over time. This is an ideal value-add opportunity. With strategic renovations and updates, there is clear upside potential to increase rental income and overall property value. Improve the units, optimize tenant quality, and lease at today's market rates to unlock the asset's full earning potential. Situated in a convenient chatham location close to amenities, schools, and transit, this property is well-positioned for consistent rental demand. Whether you're looking to renovate, reposition, and maximize returns, or simply add a stablemulti-unit asset to your portfolio, 47 sherman street delivers on both flexibility and future growth.
Listing IDX13014756
Address47 Sherman Street
CityChatham-Kent, Ontario
Price$850,000
Bed / Bath12 / 8 Full
Style2-Storey, Fourplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype FourplexIndoor Features NoneOwnership FreeholdBasement Partially FinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 12.00
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Listing Agency:  RE/MAX REALTRON REALTY INC.

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47 Sherman Street
Chatham-Kent , Ontario
12 8 $850,000
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