25
See all 25 photos
$299,000
Est. payment /mo
3 Beds
2 Baths
Price Dropped by $26K
215 Grand Avenue East Chatham, ON N7L 1W3
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Key Details
Property Type Single Family Home
Sub Type 1 1/2 Storey
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26006843
Bedrooms 3
Full Baths 2
Construction Status Approximate
Year Built 1850
Tax Year 2022
Property Sub-Type 1 1/2 Storey
Source WESC
Property Description
Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive.
Location
Province ON
Zoning RL3
Rooms
Basement Crawl Space
Interior
Heating Central Air Conditioning, Furnace
Cooling Central Air Conditioning, Furnace
Flooring Ceramic or Porcelain, Cushion or Lino or Vinyl, Hardwood or Engineered Hrwd
Exterior
Roof Type Asphalt Shingle
Building
Foundation Brick
Sewer Sanitary
Construction Status Approximate
Listed by NEST REALTY INC.
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