41 ADELAIDE STREET South Chatham
    • 41 ADELAIDE STREET South Chatham
    • 41 ADELAIDE STREET South Chatham
    • 41 ADELAIDE STREET South Chatham
    • 41 ADELAIDE STREET South Chatham
    • 41 ADELAIDE STREET South Chatham

41 ADELAIDE STREET South, Chatham

$284,900

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. (id:58875)

  • Listing ID: 26008922
  • Property Type: Multi-family
  • Year Built: 1923

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Details

  • Ownership: Freehold
  • Transaction: For sale
  • Zoning Description: CBD

Building

  • Constructed Date: 1923
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Flooring: Laminate, Cushion/Lino/Vinyl
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Triplex

Land

  • Size Irregular: X / 0.13 AC

This property for sale is located at 41 ADELAIDE STREET South in Chatham. It was last modified on April 23rd 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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