201 Grand Avenue, Chatham-Kent, ON N7L 1C2
Chatham-Kent, ON, N7L 1C2 · Chatham
About this property
Rare multi-use corner triplex property in a high-traffic, highly visible location near downtown Chatham Kent Health Alliance Hospital. This property offers two large driveways, approximately 9 parking spaces, multiple income streams, and excellent flexibility for investors, owner-users, or buyers looking for residential and commercial potential. The property includes a one-bedroom corner unit, a one-bedroom upstairs apartment, a commercial unit, a large unfinished basement, and outdoor storage sheds. Current income includes the commercial unit rented for $1,000/month, the upstairs unit rented for $1,425/month, and the fully furnished Airbnb unit generating income potential of up to $1,500-$2,000/month. The Airbnb setup can potentially be taken over as-is, making this a strong turnkey income opportunity.The commercial space is suitable for office use, professional services, retail/service business, beauty/personal service, consulting, or other small business use. The large unfinished basement offers value-add potential for storage, future build-out, workspace, or additional functional space.Approximately $30,000 spent on recent upgrades, including new flooring in the commercial unit, plus an upgraded bathroom in the corner unit. With strong parking, corner exposure, existing income, and future upside, this is a rare opportunity to generate income today while holding a property with long-term potential, including possible affordable rental housing or future redevelopment plans, subject to approvals.
Features & Amenities
- Basement: Unfinished
- Garage: Detached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick, Brick Front
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2-Storey |
| Bedrooms | 2 |
| Bathrooms | 3 |
| Basement | Unfinished |
| Garage | Detached |
| Parking Spaces | 6 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $3,800 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Water Heater Owned, Sump Pump
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Brick Front
- Foundation Details
- Unknown
- Roof
- Metal
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 6
- Parking Total
- 6.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 102.00
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $3,800
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- Open
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 5
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 2
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Chatham-Kent
- Cross Street
- Lacroix St
- Directions
- Lacroix St
- Special Designation
- Unknown
- Showing Requirements
- List Brokerage
Location
201 Grand Avenue, Chatham-Kent, ON N7L 1C2, Chatham-Kent, ON, N7L 1C2