FOR SALE
$330,000
131 Water, Chatham-Kent, ON, N8A 2E8
2
1
1100-1500
About the Property
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.
Property Details
MLS#:
X13037228
Status:
For Sale
Property Type:
Triplex
Central A/C:
About the Property
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.
Property Details
MLS#:
X13037228
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
4
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
ADELAIDE ST S & KING ST E
Basement:
None
No
Bedrooms:
4
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
ADELAIDE ST S & KING ST E
Basement:
None
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
BLUE FOREST REALTY INC.
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
BLUE FOREST REALTY INC.