41 Adelaide Street S, Chatham-Kent, ON N7M 4R1, Chatham-Kent, ON, N7M 4R1
MLS: X13037228 | Triplex
$284,900
Property Description
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.
Quick Facts
- Property Type: Triplex
- Style: 2-Storey
- Bedrooms: 4 (4 above)
- Bathrooms: 3
- Parking: 3.0 spaces
Costs
- Annual Taxes: $2,337.00 (2025)
Listing Provided by: BLUE FOREST REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: None
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Shingle
- Construction: Brick
- Foundation: Brick, Stone
- Sewer: Sewer
Lot & Land
- Pool: None
Community & Neighbourhood
- Neighbourhood: Chatham
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
Per TRREB / PropTx Virtual Office Website (VOW) terms, this data is available to logged-in users who have accepted the VOW Terms of Use.
Sign In or RegisterLocation & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
1100 Ambleside Drive 1107, Woodroffe, ON K2B 8G6, Woodroffe
Condo Apartment$284,900
$2,339/yr taxListing Courtesy of COLDWELL BANKER FIRST OTTAWA REALTY
43 Prince of Wales Drive 9D, Belleville, ON K8P 2T5, Belleville
Condo Townhouse$284,900
$2,183/yr taxListing Courtesy of Royal LePage Our Neighbourhood Realty
412 CLOVER BEACH RD E, SHUNIAH
Recreational$284,900
$1,500/yr taxListing Courtesy of ROYAL LEPAGE LANNON REALTY
41 ADELAIDE STREET South, Chatham
Triplex$284,900
$2,337/yr taxListing Courtesy of BLUE FOREST REALTY INC.
Lot 3 Jamieson Road, Frontenac, ON K0H 1V0, Frontenac
Vacant Land$284,900
$788/yr taxListing Courtesy of ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
191 Parkdale Avenue 104, West Centre Town, ON K1Y 1E8, West Centre Town
Condo Apartment$284,900
$2,510/yr taxListing Courtesy of RE/MAX HALLMARK REALTY GROUP
150 Willow AVE, Sault Ste. Marie
Single Family$284,900
$3,458/yr taxListing Courtesy of Remax Sault Ste. Marie Realty Inc.
75 Hazelglen Drive 208, Kitchener, ON N2M 2E2, Kitchener
Condo Apartment$284,900
$1,570/yr taxListing Courtesy of RE/MAX REALTRON REALTY INC.
30 Berts Road, Midland, ON L4R 5B5, Midland
MobileTrailer$284,900
$538/yr taxListing Courtesy of Royal LePage In Touch Realty
1147 Boundary Road W, Pembroke, ON K8A 7T9, Pembroke
Detached$284,900
$3,410/yr taxListing Courtesy of CENTURY 21 ASPIRE REALTY LTD.
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
3 Forsyth Street, Marmora and Lake, ON K0K 2M0, Marmora and Lake
Triplex$279,900
$2,265/yr taxListing Courtesy of CENTURY 21 LANTHORN REAL ESTATE LTD.
147 Sixth Avenue, Timmins, ON P4N 5M4, Timmins
Triplex$279,900
$2,403/yr taxListing Courtesy of CLAIMPOST REALTY LTD
Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
No rental comparables found in this area.
Sold comparables require subject coordinates and a sale-context listing.
Rented comparables require subject coordinates.
Book a Viewing
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1, Chatham-Kent, ON, N7M 4R1