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$ 284,900
Est. payment | /mo
4 Beds
3 Baths
$ 284,900
Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Subdivision Chatham
MLS® Listing ID X13637634
Bedrooms 4
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 4.09 m X 3.79 m Primary Bedroom
Extra Room 2 Second level 4.09 m X 3.75 m Office
Extra Room 3 Second level 4.11 m X 1.97 m Bathroom
Extra Room 4 Main level 4.1 m X 2.54 m Living room
Extra Room 5 Main level 4.1 m X 2.47 m Office
Extra Room 6 Main level 4.16 m X 2.87 m Kitchen
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by BLUE FOREST REALTY INC.
NEARBY SCHOOL & BUSINESS