41 Adelaide Street S, Chatham-Kent, ON N7M 4R1
Chatham-Kent, ON, N7M 4R1 · Chatham
About this property
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.
Features & Amenities
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Basement | None |
| Garage | None |
| Parking Spaces | 3 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $2,337 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Brick, Stone
- Roof
- Asphalt Shingle
- Basement
- None
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 3
- Parking Total
- 3.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 104.87
- Lot Width
- 56.50
Financial & Tax
- Tax Annual Amount
- $2,337
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30-90 days
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 11
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Chatham-Kent
- Cross Street
- ADELAIDE ST S & KING ST E
- Directions
- ADELAIDE ST S & KING ST E
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1, Chatham-Kent, ON, N7M 4R1