215 Grand AVENUE East, Chatham, Ontario, N7L1W3
MLS: 26006843 | House (Freehold)
$325,000
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. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 3 (3 above)
- Bathrooms: 2
- Year Built: 1850
- Ownership: Freehold
- Attached: No
Costs
- Annual Taxes: $2,360.37 (2022)
Listing Provided by: NEST REALTY INC.
Board: Chatham Kent Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Natural gas, Furnace
- Cooling: Central air conditioning
- Flooring: Hardwood, Ceramic/Porcelain, Cushion/Lino/Vinyl
Exterior & Construction
- Exterior: Brick
- Fencing: Fence
Lot & Land
- Features: Front Driveway, Gravel Driveway, Rear Driveway
- Zoning: RL3
Room Details (9 rooms)
Listing Information
Listing History
MLS listing activity for 215 Grand AVENUE East, Chatham, Ontario, N7L1W3 — dates reflect when changes were recorded in the DDF
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215 Grand AVENUE East, Chatham, Ontario, N7L1W3