Kristen Nead

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266 Grand AVENUE West, Chatham, Ontario

$469,000

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a large lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:58875)

Listing ID: 26026081
Property Type: Multi-family
Year Built: 1900

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Rooms

Level	Type	Dimensions
Bedroom	Second level	10 ft x 10 ft ,4 in
Bedroom	Second level	9 ft ,6 in x 11 ft
4pc Bathroom	Second level	Measurements not available
Living room	Second level	16 ft ,1 in x 11 ft ,2 in
Dining room	Second level	9 ft ,2 in x 11 ft ,2 in
Kitchen	Second level	13 ft ,2 in x 8 ft ,9 in
Bedroom	Basement	11 ft ,1 in x 11 ft
3pc Bathroom	Basement	Measurements not available
Living room	Basement	7 ft ,7 in x 10 ft ,11 in
Kitchen	Basement	7 ft ,6 in x 8 ft
Living room	Main level	12 ft ,5 in x 13 ft
Office	Main level	7 ft ,4 in x 8 ft ,1 in
Bedroom	Main level	7 ft ,8 in x 10 ft ,10 in
Dining room	Main level	12 ft ,4 in x 10 ft ,10 in
Bedroom	Main level	11 ft x 13 ft ,5 in
4pc Bathroom	Main level	Measurements not available
Kitchen	Main level	12 ft ,9 in x 9 ft ,7 in

Details

Equipment: Water Heater - Gas
Ownership: Freehold
Rental Equipment: Water Heater - Gas
Transaction: For sale
Zoning Description: UC (HC1)

Building

Constructed Date: 1900
Cooling: Central air conditioning
Exterior Finish: Aluminum/Vinyl, Brick
Fireplace Present: False
Flooring: Hardwood, Laminate, Cushion/Lino/Vinyl
Foundation: Block, Concrete
Heating: Furnace
Heating Fuel: Natural gas
Stories Total: 3
Type: Triplex

Land

Size Irregular: 80.56 x Irregular / 0.51 AC

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 266 Grand AVENUE West in Chatham Ontario. It was last modified on October 23rd, 2026. Contact Kristen Nead to schedule a viewing or to discover other Chatham homes for sale.

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