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$569,000
Chatham
454 King Street West, Chatham, Ontario, N7M1G5
This multi-family property in Chatham is for sale. It has been on the market 33 days, fresher than the Chatham average of 77 days.
Exceptional Triplex Investment Opportunity...Discover this well-maintained triplex offering the perfect blend of strong income potential and long-term value. Featuring three self-contained units, this property is ideal for investors seeking reliable rental income or owner-occupants looking to offset mortgage costs by living in one unit while renting the others. Each unit offers a functional layout with bright living spaces, six spacious bedrooms, and well-appointed kitchens and bathrooms. The property is clean and immaculate and has been thoughtfully maintained and provides separate entrances, ample parking, and generous outdoor space with managed gardens and outdoor relaxing space for tenants to enjoy. Conveniently located near schools, Hospital, parks, shopping, public transit, and major commuter routes, this triplex appeals to a wide range of tenants, helping to support consistent occupancy. Whether you're expanding your investment portfolio or purchasing your first multi-family property, this is a rare opportunity to own a versatile, income-producing asset in a desirable location. Don't miss your chance to secure a property that offers immediate cash flow and excellent long-term appreciation potential. Two vacant units allow to set your own rents with one long term 17 year tenant that takes care of the lawn and garden spaces finished with love and expertise. Good, safe value. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 77 days across the listings currently for sale in this city
This multi-family in Chatham has been listed for 33 days, which is 44 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $569,000, about 8.0× the local median household income of $71,000.
Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.