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$ 379,900
Est. payment | /mo
3 Beds
3 Baths
$ 379,900
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Storey
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26008213
Bedrooms 3
Full Baths 3
Construction Status Unknown
Annual Tax Amount $2,922
Tax Year 2025
Property Sub-Type 2 Storey
Source WESC
Property Description
Welcome to this fully renovated Northside property offering flexibility for homeowners and investors alike. This home can be easily converted back to a single dwelling. This fully renovated multi residential home is zoned RL2 with units in the upper, middle, and lower floors offering a rare opportunity to live in one unit and rent the others and maximize returns. All units are self contained with private entrances, updated kitchens and bathrooms, new flooring, lighting, and appliances throughout. With approximately $80,000 in recent upgrades, including electrical panels, plumbing updates, exterior improvements, and a new waterline, this is a low-maintenance asset with significant capital improvements already completed. Two units are currently vacant and market rent is estimated at approximately $1,500 per month per unit, all inclusive. The lower unit is owner-occupied and will be vacant on closing, allowing the buyer full flexibility to establish market rents. Operating expenses are estimated at approximately 9,000 per year (to be verified by the Buyer), providing a strong opportunity to stabilize the asset and optimize cash flow. Additional features include shared laundry, ample on-site parking, and a refreshed exterior with new siding, fencing, and outdoor space. Situated in a desirable North Chatham enclave, just moments from downtown boutique shopping, dining, and everyday conveniences - offering both lifestyle and investment appeal. This property is well-positioned to attract strong tenant demand. Call today for your private showing!
Location
Province ON
Zoning RL2
Rooms
Basement Full
Interior
Heating Baseboard Heaters, Forced Air, Furnace
Cooling Baseboard Heaters, Forced Air, Furnace
Flooring Ceramic or Porcelain, Laminate
Inclusions All appliances
Exterior
Roof Type Asphalt Shingle
Building
Foundation Brick
Sewer Sanitary
Construction Status Unknown
Listed by NEST REALTY INC.
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