54 WELLINGTON STREET East Active Save Request In-Person Tour Request Virtual Tour
Chatham,ON N7M3N9
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25015047
Property Sub-Type Freehold
Property Description
Turnkey fourplex in central Chatham with solid cash flow, recent upgrades, and reliable, clean tenants. This fully legal, purpose-built property offers four units total — 2 × 2-bed and 2 × 1-bed — each with separate hydro meters and strong tenant appeal. The building was renovated in 2020, including updates to interiors, roof, plumbing, and electrical, and has been well maintained since. Three of the four units are in clean, move-in condition, while one unit may benefit from light cleanup. There's also a common laundry area for tenant use. Current monthly rental income is $4,924 ($59,088 annually), with all units occupied and separately metered for hydro. Rent increases effective Oct. 2025 bringing total monthly rent to $5,046. Ideal for investors seeking a stabilized asset with upside and minimal capital outlay. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Furnace,
Flooring Ceramic/Porcelain,Hardwood
Exterior
Parking Features No
View Y/N No
Building
Story 2