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$479,000
Ontario,Chatham
For Sale Active
266 Grand AVENUE West, Chatham, Ontario N7L1C1
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 26017398
  • Price: $479,000
  • Year Built: 1900
  • Status: Active
  • Office Name: NEST REALTY INC.
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 277514
Features & Appliances
Features
  • Heating System: Natural gas, Furnace
  • Cooling System: Central air conditioning
  • Parking: Other
  • Exterior Features: Brick, Aluminum/Vinyl
  • Flooring: Laminate, Hardwood, Cushion/Lino/Vinyl
Address Map
  • Location: CA, Ontario, Chatham, N7L1C1
  • Street: Grand
  • Street Number: 266
  • Street Suffix: Avenue
  • Longitude: W83° 48' 3.9''
  • Latitude: N42° 24' 8.9''
  • Street Dir Suffix: West
Additional Information
  • Foundation Details:
  • Lot Size Dimensions: 80.56 x Irregular / 0.51 AC
  • Number Of Units Total: 3
  • Stories: 3.0
Financial
  • Tax Annual Amount: 3843.99
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Listing updated: 2026-07-22 01:05:29
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Listing Information
  • List Agent Key: 1887746
  • List Office Key: 277514
  • Modification Timestamp: 2026-07-20T17:50:22Z
  • Originating System Name: Chatham Kent Association of REALTORS®
  • Status Change Timestamp: 2026-07-20T17:42:24Z
Powered by REALTOR.ca
Listing updated: 2026-07-22 01:05:29
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