Rare multi-use corner triplex property in a high-traffic, highly visible location near downtown Chatham Kent Health Alliance Hospital. This property offers two large driveways, approximately 9 parking spaces, multiple income streams, and excellent flexibility for investors, owner-users, or buyers looking for residential and commercial potential. The property includes a one-bedroom corner unit, a one-bedroom upstairs apartment, a commercial unit, a large unfinished basement, and outdoor storage sheds. Current income includes the commercial unit rented for $1,000/month, the upstairs unit rented for $1,425/month, and the fully furnished Airbnb unit generating income potential of up to $1,500-$2,000/month. The Airbnb setup can potentially be taken over as-is, making this a strong turnkey income opportunity.The commercial space is suitable for office use, professional services, retail/service business, beauty/personal service, consulting, or other small business use. The large unfinished basement offers value-add potential for storage, future build-out, workspace, or additional functional space.Approximately $30,000 spent on recent upgrades, including new flooring in the commercial unit, plus an upgraded bathroom in the corner unit. With strong parking, corner exposure, existing income, and future upside, this is a rare opportunity to generate income today while holding a property with long-term potential, including possible affordable rental housing or future redevelopment plans, subject to approvals.
Details
X13048314
Detached/6
$389,000
Tenant
None
2 + 2
2-Storey
2
3
1500-2000 Sqft
N/A N/A
N/A
Triplex
Sale
Additional details
Forced Air / Gas
$3800
2026
Plan 156 Lot 1
N/A
N
Unfinished
Central Air
Municipal
Properties you may like
Mortgage Calculator
Est. monthly payment
—
—
Edit details
$
%
yr
%
Down payment
—
Loan amount
—
Land transfer tax
—
CMHC premium
—
Total upfront
—
Estimate Your Rental Return
Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this Toronto investment property.
$
$
$
3%
Monthly Cash Flow
—
net per month
Annual Cash Flow
—
net per year
Monthly Costs
—
mortgage + expenses
Cost Coverage
—
costs vs rent
—
Toronto · Ontario · Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.
FAQ
What is the total square footage of the x13048314 - 201 Grand Avenue, Chatham-Kent, ON N7L 1C2?
The total square footage of this property is 1500-2000 SqFt.
What schools near to x13048314 - 201 Grand Avenue, Chatham-Kent, ON N7L 1C2?
The nearest schools are Winston Churchill Public School for elementary and Ursuline College (The Pines) Catholic Secondary School for secondary.