About this property

This investment property presents a compelling opportunity with strong potential returns. The current rents reflect two units: a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit at $1,750 plus utilities. With a list price of $369,000, the projected cap rate stands over a solid 10% after accounting for insurance and property taxes. Notably, the property is vacant and ready for new tenancy, allowing a new owner to present immediate occupancy without downtime. Typically, properties at this return level require substantial renovations; however, this property has been extensively updated. Electrical work is completely brand new, including complete rewiring, a separate meter and panel-based setup, updated overhead service, and all new electrical components. All ESA inspections have been completed, and the property is equipped with two water tanks, two furnaces, and two gas meters and two water meters.

Features & finishes

View

Fireplace

Air Conditioning

Basement

Property details

MLS® Number	X12728000
Status	Sold
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	1,100 sq ft
Beds / Baths	3 bed · 2 bath
Neighbourhood	Chatham
City	Chatham-Kent
Postal Code	N7M 1K5
Province	ON
Listed Date	January 25, 2026
Brokerage	BLUE FOREST REALTY INC.