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$324,900
Ontario,Chatham
For Sale Active
128 WEST STREET, Chatham, Ontario N7M2R6
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Basic Details
Description

This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2, 135 per month from two tenanted units, with a third unit vacant that was previously rented for $1, 195 per month plus utilities, bringing the potential gross monthly income to $3, 330.The building features three self-contained units, including a spacious 2-bedroom

unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1, 050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1, 085 per month, inclusive. Unit 3 is a 1-bedroom that is currently vacant and was previously rented for $1, 195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience. Two of the units have been thoughtfully updated, blending modern finishes with character. Key mechanical updates include a furnace and a hot water tank completed in 2023. Additional improvements include renovations to Unit 1 in 2024 and Unit 3 in 2023, a new entrance for Unit 3 completed in 2025, and sewer and drain lines that have been replaced and lined with CIPP for long-term peace of mind. The property also offers parking for two vehicles and a functional layout that continues to attract quality tenants. Whether you’re expanding your portfolio or entering the market with a house hacking strategy, this is a solid income-generating opportunity in Chatham. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 26008439
  • Price: $324,900
  • Year Built: 1900
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 289888
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Parking: Other
  • Exterior Features: Aluminum/Vinyl
  • Flooring: Laminate, Cushion/Lino/Vinyl, Mixed Flooring
Address Map
  • Location: CA, Ontario, Chatham, N7M2R6
  • Street: WEST
  • Street Number: 128
  • Street Suffix: Street
  • Longitude: W83° 48' 48.8''
  • Latitude: N42° 23' 53.4''
Additional Information
  • Foundation Details:
  • Lot Size Dimensions: X
  • Number Of Units Total: 3
  • Stories: 2.0
Financial
  • Tax Annual Amount: 2158
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Listing updated: 2026-06-17 02:19:30
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Listing Information
  • List Agent Key: 2184574
  • List Office Key: 289888
  • Modification Timestamp: 2026-06-04T00:20:19Z
  • Originating System Name: Chatham Kent Association of REALTORS®
  • Status Change Timestamp: 2026-06-04T00:13:32Z
Powered by REALTOR.ca
Listing updated: 2026-06-17 02:19:31
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