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128 WEST STREET, Chatham-Kent (Chatham)
2026-09-01
Quick Summary
- Location
- 128 WEST STREET, Chatham-Kent (Chatham), Ontario N7M2R6
- Price
- $299,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 2000 - 2500 sqft
- Bedrooms:
- 3
- Bathrooms:
- 2
- Garages:
- 2
MLS®#X13731244
Property Description
This triplex offers high rental income and excellent flexibility for investors and owner-occupants alike. The property currently generates $3,260 per month in rental income across all three units, with separate hydro and gas meters for straightforward expense management. The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive. Unit 3 is a 1-bedroom unit now rented for $1,125 per month plus hydro and gas. Each unit has its own hydro and gas meter, while on-site laundry provides added convenience for tenants. Two of the units have been thoughtfully updated, blending modern finishes with the character of the building. Key mechanical updates include a furnace and hot water tank completed in 2023, along with renovations to Unit 1 in 2024 and Unit 3 in 2023. Unit 3 also received a new entrance in 2025, and the sewer and drain lines have been replaced and lined with CIPP for added long-term peace of mind. The property offers parking for two vehicles and a functional layout that continues to attract quality tenants. With all three units currently rented and a solid rental history, this is an excellent opportunity for an investor looking to add a cash-flowing property to their portfolio or an owner-occupant looking for a multi-unit property with established rental income. Located in Chatham, this triplex offers the income, flexibility and updates that make for a compelling investment opportunity. (id:32467)
Property Features
Building
- Appliances: Dryer, Stove, Washer, Refrigerator
- Basement Type: Partial, Crawl space
- Cooling Type: None
- Exterior Finish: Aluminum siding, Vinyl siding
- Fireplace: No
- Interior Size: 2000 - 2500 sqft
- Building Type: Triplex
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 49.1 x 106.8 FT
- Sewer: Sanitary sewer
Zoning
- Description: RL3
Information entered by BLUE FOREST REALTY INC.
Listing information last updated on: 2026-09-01 15:21:14
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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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