41 Adelaide Street S Chatham-Kent, Ontario N7M 4R1
$284,900
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:52600)
Property Details
| MLS® Number | X13037228 |
| Property Type | Multi-family |
| Community Name | Chatham |
| Parking Space Total | 3 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Stove, Refrigerator |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Brick, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 104 Ft ,10 In |
| Size Frontage | 56 Ft ,6 In |
| Size Irregular | 56.5 X 104.9 Ft |
| Size Total Text | 56.5 X 104.9 Ft |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 23 2026 07:32:48
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.