41 ADELAIDE STREET South, Chatham, ON N7M4R1
Key Facts
Description
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. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1923
Ownership
Freehold
Listing #
26008922
Property Features
- Heating:
- Forced Air, Natural Gas
- Flooring:
- Vinyl, Laminate
Affordability Calculator
$56,980
Estimated monthly payment
$1,516/mo
Principal $227,920 · Est. interest $317,969 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chatham, ON
- CA$464,171
- Median Listing Price
- 42
- Median Days on Market
- 1,463
- Median Sq Ft
- CA$340
- Median Price / Sq Ft
- 488
- Active Listings
- This home’s price is 39% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chatham, ON.
Location
- 41 ADELAIDE STREET South, Chatham, ON N7M4R1
Nearby Schools
Adventure Hours Nursery School
School · 0.2 km away
Montessori the Place To Grow
Elementary · 0.4 km away
Darul Uloom Canada
School · 0.5 km away
Children's Village Day Care Centre
School · 0.8 km away
Queen Elizabeth II Elementary School
Elementary · 1.1 km away
Victor Lauriston Public School
School · 1.2 km away
Ursuline College.
Secondary School · 1.3 km away
St. Ursula Catholic School
School · 1.7 km away
King George VI Public School
School · 1.8 km away
Kids' Stuff-the Family Learning Centre on the Thames
School · 1.8 km away
Chatham Kent Secondary School
Secondary · 2.1 km away
John N Given School
School · 2.2 km away
McNaughton Avenue Public School
School · 2.4 km away
John McGregor Secondary School
Secondary · 2.5 km away
Eben-Ezer Christian School
School · 2.5 km away
Kids' Stuff
School · 2.5 km away
Tecumseh Public School
School · 2.5 km away
Chatham Christian School
School · 2.8 km away
Monsignor Uyen Elementary School
Elementary · 2.8 km away
Indian Creek Road Public School
School · 3.0 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Chatham
Listing Courtesy: BLUE FOREST REALTY INC.
Data Terms of Use
This website is operated by BLUE FOREST REALTY INC., a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, BLUE FOREST REALTY INC., and CREA.
Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.
Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.
Amendments
BLUE FOREST REALTY INC. may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.