41 Adelaide Street S, Chatham-Kent, ON N7M 4R1
Chatham-Kent
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 41 Adelaide Street S, Chatham-Kent, ON N7M 4R1
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MLS# X13037228
Listed by BLUE FOREST REALTY INC.
On market since Apr 23, 2026
What comparable homes actually sold for in the last 12 months.
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 is listed for $284,900 CAD.
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 has 4 bedrooms and 3 bathrooms.
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 is a Triplex.
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 is in Chatham-Kent, Ontario.
41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 is currently for sale.
The annual property taxes on 41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 are approximately $2,337 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 41 Adelaide Street S, Chatham-Kent, ON N7M 4R1 (MLS# X13037228). You can also send a message through the contact form on this site.
