PROPERTY INFO
INVESTOR'S DREAM - SET YOUR OWN RENTS! This fully renovated, **completely vacant** legal triplex includes two 2-bedroom units and one 1-bedroom unit, each with separate furnaces, water heaters, and electrical meters for tenant independence. City-approved and to code, it boasts all-new electrical, plumbing, drywall, flooring, windows, doors, siding, and roof. The identical 2 bedroom units could rent at approx. $1900/mth each, 1 bedroom unit $1400/mth. With two double driveways and two extra parcels of land (see picture), there’s ample parking and room for future potential. Backing onto McGregor’s Creek, this property combines rental income potential with scenic appeal—an exceptional, high-quality investment opportunity in a prime location! Seller will consider adding adding all appliances to each to unit for the right prcie to make this a true turnkey investment. Seller will also hold vendor takeback loan for up to 200K. Add attached schedule B to all offers.
PROPERTY SPECS
Price $498,900
City Chatham, Ontario
Bed / Bath 5 / 3 Full
Address 152-154, 158, 162 Colborne Street
Listing ID 24027054
Style 2 Storey
Construction Aluminum/Vinyl
Flooring Laminate
Type Residential
Status For Sale
EXTENDED FEATURES
Subtype
2 Storey Acreage
0.284 Driveway
Double Width Or More Drive, Gravel Drive, Side Drive Parking
None Ownership
Freehold Rental Equipment
None Waterfront
Waterfront on River, View of Water Basement
Crawl Space Foundation
Block Heating / Cooling
Forced Air, Furnace Heating Fuel
Natural Gas Hot Water Tank
Electric Utility Water
Municipal Water Sewer
Sanitary Date Listed
Nov 5, 2024 Days on Market
47