We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
266 Grand AVENUE West, CHATHAM
2026-04-18
Quick Summary
- Location
- 266 Grand AVENUE West, CHATHAM, Ontario N7L1C1
- Price
- $499,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Year of Construction:
- 1900
MLS®#26008228
Property Description
Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000â$16,000, resulting in an approximate NOI of $26,000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone. (id:32467)
Property Features
Building
- Cooling Type: Central air conditioning
- Exterior Finish: Aluminum/Vinyl, Brick
- Fireplace: No
- Flooring Type: Hardwood, Laminate, Cushion/Lino/Vinyl
- Building Type: Triplex
- Stories: 3
Land
- Land Size: 80.56 x Irregular / 0.51 AC|0.50- 1.00 acre
Ownership
- Type: Freehold
Zoning
- Description: UC (HC1)
Information entered by NEST REALTY INC.
Listing information last updated on: 2026-06-17 15:15:04
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Laurie Arruda Salesperson
- Phone:
- 5199194773
- Email:
- lauriearruda1@gmail.com
- Support Area:
- Windsor, Essex County, Chatham-Kent
A Real Estate professional in the Windsor – Essex County and surrounding areas for the last 17 yea ...
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