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$ 890,000
Est. payment | /mo
5 Beds
4 Baths
$ 890,000
Est. payment | /mo
5 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Chatham-Kent
MLS Listing ID X13749944
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,100
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Excellent investment opportunity! This legal two-storey fourplex features four bright, spacious, and updated self-contained residential units-including one 3-bedroom, two 1-bedrooms,and one bachelor suite. All four units were fully renovated in 2021 with brand-new appliances, a new roof (asphalt shingles), updated windows, and new AC systems. Three units enjoy separate hydro meters, furnaces, and dedicated AC, while Unit 4 shares services with Unit 3. Current monthly residential rental income is $5,015, plus additional income potential from the former coin-operated laundry area. The generous lot easily accommodates 4-5 front parking spaces and features a large backyard offering potential for an additional residential unit (subject tomunicipal zoning, approvals, and permits). Conveniently located within walking distance of schools, shopping, restaurants, public transit, parks, an arena, and a community pool, this isa turn-key income-producing property with massive upside!
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Rooms
Family Room No
Basement None
Kitchen 4
Separate Den/Office 1
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 68.51
Lot Depth 67.94
Total Parking Spaces 5
Building
Unit Features Place Of Worship,School
Foundation Brick
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.
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