215 Grand AVENUE East

$299,000

215 Grand AVENUE East

Chatham, ON

Type
Single Family
Status
Active
Bedrooms
3
Bathrooms
2
Year built
1850
MLS®
26006843

About this property

Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive. (id:66946)

Features

brickfront drivewaygravel drivewayrear driveway

Listing courtesy of NEST REALTY INC.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.