266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham
    • 266 Grand AVENUE West Chatham

266 Grand AVENUE West, Chatham

$499,000

Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000–$16,000, resulting in an approximate NOI of $26,000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone. (id:58875)

  • Listing ID: 26008228
  • Property Type: Multi-family
  • Year Built: 1900

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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

This property for sale is located at 266 Grand AVENUE West in Chatham. It was last modified on April 18th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Chatham homes for sale.

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