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Renanza Realty
For sale

185 Thames STREET

Chatham, Ontario

MLS® 26016396

$305,000

Status
Active
Property type
Multi-family
MLS® number
26016396
Bedrooms
Bathrooms
Year built

Listing description

Welcome to a prime duplex investment opportunity at 185/187 Thames St. , perfectly situated in the vibrant heart of Chatham, Ontario. This exceptionally well-maintained property features a highly desirable side-by-side configuration, making it an ideal acquisition for savvy real estate investors or buyers looking for a primary residence that generates substantial rental income.

The property consists of two distinct units. The first is a well-maintained, tenant-occupied space currently generating reliable income at $1,100 per month, featuring stylish modern updates including fresh paint, durable new flooring, and an updated kitchen. The second unit is currently owner-occupied, and the seller will provide full vacant possession upon closing.

This vacancy presents a phenomenal opportunity to either move in and ""house hack"" or optimize your portfolio by setting current market rent, which is conservatively estimated at $1,700 or more per month. Both units benefit from separate newer HVAC systems that ensure premium climate control and energy efficiency, a brand-new roof for total peace of mind, and separate dedicated laundry facilities located in the basement. Residents on both sides will love the access to a beautiful, private backyard oasis that offers a serene outdoor escape from the daily hustle.

Parking is effortless with a long cement driveway that easily accommodates four vehicles, supplemented by ample street parking. Do not miss out on this turnkey gem!

Property summary

MLS® number
26016396
Property type
Multi-family
Building type
Duplex
Title
Freehold
Land size
51.48 X 102.96 ft / 0 AC
Annual property taxes
$2,585.15
Parking
Other
Days on market
53 days

Features & details

Heating
Forced air, Natural gas
Flooring
Laminate, Mixed Flooring, Cushion/Lino/Vinyl
Exterior features
Aluminum/Vinyl

What would this home cost you?

Based on the $305,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,419 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of ROYAL LEPAGE PEIFER REALTY Brokerage, CHATHAM.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.