Purpose-built 8-unit apartment building offering exceptional value-add potential in Northeast Chatham. This well-maintained property features four 1-bedroom and four 2-bedroom suites, with four units currently vacant, providing an immediate lease-up opportunity for investors seeking to increase rental income. The building offers separately metered hydro, electric baseboard heating, coin-operated laundry, surface parking, a detached garage, and a large 0.59-acre RM2-zoned lot. Conveniently located close to schools, shopping, healthcare, public transit, and Highway 401, the property combines strong in-place income with significant upside potential. An excellent opportunity for investors, apartment operators, or those looking to expand their multifamily portfolio.
| MLS # | X13661296 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 92 |
| Listing Provided By | RE/MAX ABOUTOWNE REALTY CORP. | X13661296 083608 |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 |
| Garage | 1 |
| Interior Features | None |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 14616.45 |
|---|---|
| Tax Legal Description | LT 37 RCP 781; CHATHAM-KENT |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| County | Chatham Kent |
| City | Chatham-Kent |
| Postal Code | N7L 2T7 |
| Area | Chatham Kent |
| Listing VS Median (in N7L 2T7) | |
Price: $995,000 low | high Med: $0 On site: 92 low | high Med: | |
| Province | ON |
|---|---|
| County | Chatham Kent |
| City | Chatham-Kent |
| Postal Code | N7L 2T7 |
| Area | Chatham Kent |
| Listing VS Median (in N7L 2T7) | |
Price: $995,000 low | high Med: $0 On site: 92 low | high Med: | |