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Royal LePage
Royal LePage
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$460,000

Chatham ON, N7M 3N9

MLS® # 25025826

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
  • Exterior Finish:
  • Flooring Type:
  • Foundation Type: Block
  • Heating Type: Heat Pump
  • Heating Fuel: Electric
  • Cooling Type: Heat Pump

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1900
  • Irregular: Yes
  • Lot Size: X / 0.095 AC
  • Zoning: RL3
  • Parking Type: Other
  • No. of Parking Spaces: 4

Courtesy of: BLUE FOREST REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 50-52 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

Demographic Information of 50-52 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$70,790.87

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.07 %

High school certificate or equivalent

37.69 %

Apprenticeship trade certificate/diploma

8.03 %

College/non-university certificate

19.23 %

University Degree

3.98 %

Commuter

Travel To Work

By Car

88.29 %

By Public Transit

0.0 %

By Walking

8.7 %

By Bicycle

0.0 %

By Other Methods

3.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.27 %

Houses

78.73 %

Own Vs. Rent

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