Property description for 266 Grand Avenue West, Chatham, ON N7L 1C1

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units now vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a premium lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:38686)

QUICK OVERVIEW

Built in 1900
Central air conditioning
Natural gas, Furnace
3 Days on website

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Meg Lyttle

Listing Office Nest Realty Inc., 519-354-7474

Updated Thursday, July 23, 2026 at 8:00:00 AM

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NEIGHBOURHOOD

About the Chatham Neighbourhood

Chatham se définit par une ambiance tranquille qui saura plaire à ceux qui aiment passer du temps dehors. La majorité des emplacements du secteur sont très paisibles, puisqu'il y a peu de pollution sonore liée à la circulation automobile. Finalement, on compte une soixantaine d'îlots de fraîcheur à proximité, comme Larry J O'Rourke Park et Lioness Park, et ceux-ci sont très bien répartis dans Chatham, et donc il est relativement facile d'atteindre l'un d'entre eux en marchant.

Learn more about Chatham

High Schools

Au moins une école secondaire à moins de 10 minutes à pied

Car friendly

Accès à des voies rapides et/ou des artères majeures, avec un faible risque de problèmes de stationnement

Daycares

Au moins une garderie à quelques minutes à pied

Groceries

Plusieurs épiceries à quelques minutes en voiture

Restaurants

Grande variété de restaurants à quelques minutes en voiture, dont certains à distance de marche

CLIMATE RISK FOR N7L 1C1

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 266 Grand Avenue West, Chatham, ON N7L 1C1

$2,174

Monthly

Estimated Payment

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266 GRAND AVENUE WEST, CHATHAM, ON N7L 1C1