ON
Chatham
N7L1C1
266 Grand W Avenue
266 Grand W Avenue, Chatham, ON N7L1C1
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Listing Type
Multi Family
Listing Status
Active
44
$479,000

Home Details for 266 Grand W Avenue

Price
$479,000
Type
Residential Income
Year built
1900
Listing #
26017398
Property Description

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units now vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a premium lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:31684)

Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Natural Gas
Listing Courtesy: NEST REALTY INC.
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EXIT REALTY CK ELITE, BROKERAGE
160 St. Clair Street, Chatham, ON N7M 3J5
Office
519 351 7653
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