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Ontario
Chatham-Kent (Chatham)
50-52 WELLINGTON STREET E

$460,000

Chatham-Kent (Chatham) ON, N7M 3N9

MLS® # X12455960

Property Information:

Cashflowing fourplex for sale just steps from downtown Chatham. Two units updated in 2022 with modern finishes including tiled showers, Quartz countertops, dishwashers and LED lighting. The property features 4 - one bedroom units that each have separate hydro meters. Potential for $57,000 in rental income. 4 Parking spaces. Neighboring triplex for sale, potential for CMHC financing. See documents for full income & expense report. An opportunity to set your own rents for 2 units as of Nov 1 (Lower front and upper back) or move in! (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Air Conditioning: Yes
Amenities: Separate Hydro Meters, Separate Heating Controls
Basement Type: None
Exterior Finish: Vinyl siding
Floor Space: 0 - 699 sqft
Foundation Type: Block
Heating Type: Heat Pump, Not known
Heating Fuel: Electric, Electric
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 4
Floor Space (approx): 0 - 699 Square Feet
Irregular: Yes
Lot Depth: 82.3 Feet
Lot Frontage: 50.2 Feet
Lot Size: 50.2 x 82.3 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: BLUE FOREST REALTY INC.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 50-52 WELLINGTON STREET E, Chatham-Kent (Chatham), Ontario, N7M 3N9

Lifestyle
Neighbourhood

Demographic Information of 50-52 WELLINGTON STREET E, Chatham-Kent (Chatham), Ontario, N7M 3N9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,932.61

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.72 %

High school certificate or equivalent

39.56 %

Apprenticeship trade certificate/diploma

3.84 %

College/non-university certificate

20.01 %

University certificate (below bachelor)

0.07 %

University Degree

9.8 %

Commuter

Travel To Work

By Car

85.72 %

By Public Transit

0.67 %

By Walking

9.51 %

By Bicycle

0.0 %

By Other Methods

4.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.98 %

Houses

53.02 %

Own Vs. Rent