48
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$305,000
Est. payment /mo
New
185 Thames Street Chatham, ON N7L 2Z3
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26016396
Construction Status Unknown
Annual Tax Amount $2,585
Tax Year 2025
Property Sub-Type Duplex
Source WESC
Property Description
Welcome to a prime duplex investment opportunity at 185/187 Thames St., perfectly situated in the vibrant heart of Chatham, Ontario. This exceptionally well-maintained property features a highly desirable side-by-side configuration, making it an ideal acquisition for savvy real estate investors or buyers looking for a primary residence that generates substantial rental income. The property consists of two distinct units. The first is a well-maintained, tenant-occupied space currently generating reliable income at $1,100 per month, featuring stylish modern updates including fresh paint, durable new flooring, and an updated kitchen. The second unit is currently owner-occupied, and the seller will provide full vacant possession upon closing. This vacancy presents a phenomenal opportunity to either move in and "house hack" or optimize your portfolio by setting current market rent, which is conservatively estimated at $1,700 or more per month. Both units benefit from separate newer HVAC systems that ensure premium climate control and energy efficiency, a brand-new roof for total peace of mind, and separate dedicated laundry facilities located in the basement. Residents on both sides will love the access to a beautiful, private backyard oasis that offers a serene outdoor escape from the daily hustle. Parking is effortless with a long cement driveway that easily accommodates four vehicles, supplemented by ample street parking. Do not miss out on this turnkey gem!
Location
Province ON
Zoning RL3
Interior
Heating Forced Air
Cooling Forced Air
Flooring Cushion or Lino or Vinyl, Laminate, Mixed Flooring
Inclusions 2 washers, 2 dryers, 2 Refrigerators, 2 Stoves light fixtures
Exterior
Roof Type Asphalt Shingle
Building
Foundation Block
Sewer Sanitary
Construction Status Unknown
Listed by ROYAL LEPAGE PEIFER REALTY Brokerage
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