Welcome to this 3-unit property in a quiet area of Chatham, offering exceptional flexibility for investors or multi-generational living. With a projected rental income of $5,000/month, this is a high-performing opportunity you won’t want to miss. The main floor and basement units are currently vacant, giving you the freedom to set your own rents or design the ideal multi-generational living arrangement. Each unit features its own private entrance, bright layout, and well-maintained finishes—appealing to both tenants and owner-occupants alike. The top-floor loft unit is already leased at $1,500/month (utilities included) and showcases vaulted ceilings, a walk-in closet, spa-like ensuite, and a modern open-concept design. The vacant main floor and basement units present excellent cash flow potential, whether you rent them immediately or tailor them for extended family use. Outside, tenants can enjoy a low-maintenance shared yard and ample on-site parking. Located in a desirable neighbourhood close to parks, schools, and everyday amenities, this property combines income potential with lifestyle convenience. (id:4555)
Property Specs
Listing ID25023656
Address31 Adelaide STREET North
CityChatham, ON
Price$399,999
ConstructionAluminum/Vinyl
FlooringMixed Flooring
Land Size38 x 83 FT / 0.074 AC
TypeDuplex
StatusFor sale
Extended Features
Year Built1900OwnershipFreeholdHeatingBaseboard heaters, FurnaceHeating FuelNatural gasDate Listed2025-09-17 18:01:58Days on Market26
We loved working with Tina and her team. She helped us navigate in a difficult housing market to find our perfect forever home and to sell our home. They are amazing!
-
Samantha Bond
Tina and her team were very knowledgeable and enthusiastic with the listing and selling of our Income Property. They provided us with all the comparables and information on the current market…
-
Glen O'Neil
Our experience with Tina Roy far exceeded our expectations on buying a home in this crazy, unpredictable market. Tina’s honest and practical advice gave us a very clear vision of what to expect.…
-
Alana Corcoran
Brandon and I can’t thank Tina enough for helping us successfully navigate through such a hectic market and landing our perfect first home! We chose Tina as our realtor because we appreciated…
-
Morgan Hughson
My fiancé and I starting looking for our first home together in November 2020 with TRU Real Estate agent Tina Roy. From the beginning Tina was open and honest with us and helped us to navigate…
-
Kerra G
Tina and her team at TRU Real Estate Group do everything possible to make any real estate process as easy and enjoyable as it can be. We’ve worked with Tina for home listings and purchasing…
-
Krystin & Shawn Goulding
Tina and TRU Realty were very caring and honest when it came to buying a house. Tina listened to my requests and explained the home buying process in detail. I'm so happy that Tina and her…
-
Sarina Scalia
Thank you so much Tina for all of your efforts in helping us to find our new home. Your energy, enthusiasm and professionalism made our home buying adventure both enjoyable and stress-free.…
-
Lulu Murphy
Working with Tina and her team was a great experience. She took the time to listen to our needs and was very helpful during the home buying process. She was very patient and always honest. Not…
-
Rymerson21
Tina and her team and amazing!! Always there to answer any questions and kept the buying and selling experience stress free. Couldn't ask for a better group of people to work with when selling…