368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com

201 Grand Avenue, Chatham-Kent, ON N7L 1C2

$389,000
  • Sale
  • Triplex
  • 4 days ago
  • Updated: 2026-04-27

Overview

  • Triplex
  • 2
  • 3
  • Detached/6
  • 1500-2000
  • N/A

Description

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.

Schedule a Viewing

RoofUp
Logo