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$284,900 41 Adelaide Street, Chatham, Ontario
PROPERTY INFO
A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning.
PROPERTY SPECS
Price $284,900
City Chatham, Ontario
Address 41 ADELAIDE Street
Listing ID 26008922
Construction Brick
Roof Asphalt Shingle
Flooring Cushion or Lino or Vinyl, Laminate
Type Multi-Family
Status For Sale


EXTRAS
Subtype Triplex Acreage 0.130 Inclusions 3 REFRIGERATORS; 3 STOVES; Ownership Freehold Foundation Brick/Stone Heating / Cooling Forced Air Heating Fuel Natural Gas Hot Water Tank Gas Utility Water Municipal Water Sewer Sanitary Date Listed Apr 23, 2026 Days on Market 32 Parking Gravel
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