$499,000
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266 Grand Avenue West, Chatham, ON N7L1C1

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Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1, 554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1, 083). Projected annual gross income of approximately $42, 060. Estimated annual expenses between $12, 000$16, 000, resulting in an approximate NOI of $26, 000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone. (id:58753)

Listing By: MEG LYTTLE - NEST REALTY INC. cncrea2 Realty.com
  • MLS® 26008228
  • Date Listed04/18/2026
  • Days on Realty 50 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Year Built 1900

Interior Features

  • Flooring Hardwood, Laminate, Cushion/Lino/Vinyl
  • Cooling Central air conditioning
  • Heating Natural gas, Furnace

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N7L1C1

Discover key demographics, population statistics, and environmental insights for the Chatham, ON area.

Walkability in ON / N7L1C1

Source: Walk Score

37/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

46/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 33/100.

Points of Interest near 266 Grand AVENUE West, Chatham, ON N7L1C1

Frequently Asked Questions for 266 Grand AVENUE West

Source: Realty.com

266 Grand AVENUE West, Chatham, ON N7L1C1 in Chatham, ON N7L1C1 is a triplex listed at $499,000. Highlights include built in 1900. Realty.ca has 39 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 39 photos of 266 Grand AVENUE West.

Our records indicate that 266 Grand AVENUE West was built in 1900.

The full address for this home is 266 Grand AVENUE West, Chatham, ON N7L1C1.

266 Grand AVENUE West has been listed on Realty.com since Sat April 18, 2026

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 33/100.

Listing provided courtesy of: NEST REALTY INC.
Listing agent: MEG LYTTLE

This content last refreshed on 2026-06-07 10:14:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.