41 Adelaide Street S,Chatham-Kent, ON N7M 4R1
Chatham-Kent, ON N7M 4R1
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.
Details
| MLS # | X13637634 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | BLUE FOREST REALTY INC. | X13637634 411000 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| Story(s) | 2 |
| Acreage | 0.14 |
Interior
| Interior Features | None |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Brick, Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2337 |
|---|---|
| Tax Legal Description | PT LT 71 PL OLD SURVEY PT 1 & 2, 24R3798; SUBJECT TO R.O.W. OVER PART OF LOT 71, OLD SURVEY DESIGNATED AS PT. 2, 24R3798 AS IN 506737; CHATHAM-KENT |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Chatham Kent |
| City | Chatham-Kent |
| Postal Code | N7M 4R1 |
| Area | Chatham |
| Listing VS Median (in N7M 4R1) | |
Price: $284,900 low | high Med: $0 On site: 15 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Chatham Kent |
| City | Chatham-Kent |
| Postal Code | N7M 4R1 |
| Area | Chatham |
| Listing VS Median (in N7M 4R1) | |
Price: $284,900 low | high Med: $0 On site: 15 low | high Med: | |
