$284,900
FOR SALE

Triplex 2-Storey

Bedrooms: 4Bathrooms: 3Lot: 56.5 x 104.87 ft
2025 Taxes: $2,337

41 Adelaide St S
Chatham-Kent, ON N7M 4R1 | Chatham

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.
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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13037228
Last Updated Apr 23, 2026
Property Summary
Property Type Triplex

More like this:
PIN 005040285
Legal Description PT LT 71 PL OLD SURVEY PT 1 & 2, 24R3798; SUBJECT TO R.O.W. OVER PART OF LOT 71, OLD SURVEY DESIGNATED AS PT. 2, 24R3798 AS IN 506737; CHATHAM-KENT
Possession Date 30-90 days
Taxes (2025) $2,337
Directions/Cross Streets ADELAIDE ST S & KING ST E
Neighbourhood Chatham
Area Chatham-Kent
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 4
Bathrooms 3
Lot 56.5 x 104.87 ft
Exterior Brick
Air Conditioning None
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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