Address
266 Grand Avenue West, Chatham, ON
Price
$ 479,000
Property Attributes
- MLS#26017398
- TypeMulti-Family
- Listing Status Active
- CityChatham
- AreaNorth West
- NeighbourhoodN11
- Postal CodeN7L 1C1
- StyleTriplex
- Year Built1900
- Taxes$ 3843
- Price$ 479,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Lot Size0.51 Acres
Data Source:
Windsor-Essex (WECAR) / Sarnia-Lambton (SLREB)
Property Description
Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units now vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a premium lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come.
| Price History | |
|---|---|
| 7/20/2026 | Listed $479,000 |
General Features
| Sewer | Sanitary |
|---|---|
| Roof | Asphalt Shingle |
| Zoning | UC (HC1) |
| Exclusions | Tenant's belongings. |
| Occupancy | Tenant,Vacant |
| Year Built | 1900 |
| Property Type | Multi-Family |
| Transaction Type | Sale |
| Tax Year | 2025 |
| Status | Active |
| District | North West |
| City | Chatham |
| Heating Cooling | Central Air Conditioning,Furnace,Other,See Remarks |
| Major Area | Chatham City |
| Year Built Description | Approximate |
| Legal Description | PT LT 205 PL 413 AS IN 403188; S/T 167265,305913; CHATHAM-KENT |
| DOM | 60 |
Interior Features
| Heating Fuel | Natural Gas |
|---|
Exterior Features
| Exterior Finish | Aluminum/Vinyl,Brick |
|---|---|
| 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 1C1
Price
Taxes
Year Built
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