Address
185 Thames Street, Chatham, ON
Price
$ 305,000
Property Attributes
- MLS#26016396
- TypeMulti-Family
- Listing Status Active
- CityChatham
- AreaNorth East
- NeighbourhoodN11
- Postal CodeN7L 2Z3
- StyleDuplex
- Taxes$ 2585
- Price$ 305,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
Data Source:
Windsor-Essex (WECAR) / Sarnia-Lambton (SLREB)
Property Description
Welcome to a prime duplex investment opportunity at 185/187 Thames St., perfectly situated in the vibrant heart of Chatham, Ontario. This exceptionally well-maintained property features a highly desirable side-by-side configuration, making it an ideal acquisition for savvy real estate investors or buyers looking for a primary residence that generates substantial rental income. The property consists of two distinct units. The first is a well-maintained, tenant-occupied space currently generating reliable income at $1,100 per month, featuring stylish modern updates including fresh paint, durable new flooring, and an updated kitchen. The second unit is currently owner-occupied, and the seller will provide full vacant possession upon closing. This vacancy presents a phenomenal opportunity to either move in and "house hack" or optimize your portfolio by setting current market rent, which is conservatively estimated at $1,700 or more per month. Both units benefit from separate newer HVAC systems that ensure premium climate control and energy efficiency, a brand-new roof for total peace of mind, and separate dedicated laundry facilities located in the basement. Residents on both sides will love the access to a beautiful, private backyard oasis that offers a serene outdoor escape from the daily hustle. Parking is effortless with a long cement driveway that easily accommodates four vehicles, supplemented by ample street parking. Do not miss out on this turnkey gem!
| Price History | |
|---|---|
| 7/8/2026 | Listed $305,000 |
General Features
| Sewer | Sanitary |
|---|---|
| Roof | Asphalt Shingle |
| Zoning | RL3 |
| Exclusions | Tenants Belongings |
| Occupancy | Seller,Tenant |
| Property Type | Multi-Family |
| Transaction Type | Sale |
| Tax Year | 2025 |
| Status | Active |
| District | North East |
| City | Chatham |
| Heating Cooling | Forced Air |
| Major Area | Chatham City |
| Year Built Description | Unknown |
| Legal Description | PL 2 BLK H LOT 2 |
| DOM | 69 |
Interior Features
| Heating Fuel | Natural Gas |
|---|
Exterior Features
| Inclusions | 2 washers,2 dryers,2 Refrigerators,2 Stoves light fixtures |
|---|---|
| Exterior Finish | Aluminum/Vinyl |
| Water Availability | Connected |
| Sewer Availability | Connected |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in N7L 2Z3
Price
Taxes
Visits
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