215 Grand AVENUE East, Chatham, ON N7L1W3
Key Facts
Description
Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive. (id:31684)
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1850
Ownership
Freehold
Listing #
26006843
Property Features
Cooling
Heating
Flooring
Fencing
Rooms
- Bathroom 1Measurements not availableSecond
- Bathroom 2Measurements not availableMain
- Bedroom 39 ft X 11 ft ,4 inMain
- Kitchen8 ft X 10 ftMain
- Kitchen14 ft X 5 ftSecond
- Living Room14 ft X 12 ftSecond
- Living Room30 ft X 14 ftMain
- Master Bedroom9 ft X 11 ftSecond
- Master Bedroom13 ft X 12 ftMain
Affordability Calculator
$59,800
Estimated monthly payment
$1,591/mo
Principal $239,200 · Est. interest $333,705 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chatham, ON
- CA$464,171
- Median Listing Price
- 43
- Median Days on Market
- 1,450
- Median Sq Ft
- CA$341
- Median Price / Sq Ft
- 486
- Active Listings
- This home’s price is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chatham, ON.
Location
- 215 Grand AVENUE East, Chatham, ON N7L1W3
Points of Interest in Chatham, ON
Showing the Chatham area map.
Nearby Schools
Montessori the Place To Grow
Elementary · 0.5 km away
Children's Village Day Care Centre
School · 0.6 km away
Darul Uloom Canada
School · 0.7 km away
King George VI Public School
School · 0.9 km away
Adventure Hours Nursery School
School · 1.0 km away
Ursuline College.
Secondary School · 1.1 km away
Chatham Kent Secondary School
Secondary · 1.2 km away
McNaughton Avenue Public School
School · 1.6 km away
Eben-Ezer Christian School
School · 1.7 km away
Kids' Stuff
School · 1.7 km away
John N Given School
School · 1.9 km away
Queen Elizabeth II Elementary School
Elementary · 2.1 km away
Tecumseh Public School
School · 2.1 km away
Victor Lauriston Public School
School · 2.1 km away
Kids' Stuff-the Family Learning Centre on the Thames
School · 2.1 km away
St. Ursula Catholic School
School · 2.6 km away
Monsignor Uyen Elementary School
Elementary · 2.7 km away
Gregory Drive Public School
School · 2.7 km away
John McGregor Secondary School
Secondary · 3.4 km away
Chatham Christian School
School · 3.5 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 201 PARK STREET, Chatham, ON | CA$209,900 | 2 | 1 | — |
| 254 PARK STREET, Chatham, ON | CA$219,900 | 4 | 1 | — |
| 225 CAMPUS PARKWAY PARKWAY Unit# 210, Chatham, ON | CA$219,900 | 2 | — | — |
| 252 QUEEN STREET, Chatham-Kent (Highgate), ON | CA$222,000 | 3 | 1 | — |
| 252 Queen Street, Chatham-Kent, ON | CA$222,000 | 3 | 1 | — |
| 150 PARK AVENUE East, Chatham, ON | CA$225,000 | 2 | 1 | — |
Moving Cost Estimate
EXIT Agents in Chatham
Listing Courtesy: NEST REALTY INC.
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