$284,900
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41 Adelaide Street South, Chatham, ON N7M4R1

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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. (id:58753)

Listing By: JEREMY LLOYD IVANY - BLUE FOREST REALTY INC. cncrea2 Realty.com
  • MLS® 26008922
  • Date Listed04/23/2026
  • Days on Realty 43 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Year Built 1923

Interior Features

  • Flooring Laminate, Cushion/Lino/Vinyl
  • Heating Forced air, Natural gas

Exterior / Lot Features

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

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N7M4R1

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

Walkability in ON / N7M4R1

Source: Walk Score

85/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

50/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 25/100, Transit Score: 0/100, Bike Score: 33/100.

Points of Interest near 41 ADELAIDE STREET South, Chatham, ON N7M4R1

Frequently Asked Questions for 41 ADELAIDE STREET South

Source: Realty.com

41 ADELAIDE STREET South, Chatham, ON N7M4R1 in Chatham, ON N7M4R1 is a triplex listed at $284,900. Highlights include built in 1923. Realty.ca has 5 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 5 photos of 41 ADELAIDE STREET South.

Our records indicate that 41 ADELAIDE STREET South was built in 1923.

The full address for this home is 41 ADELAIDE STREET South, Chatham, ON N7M4R1.

41 ADELAIDE STREET South has been listed on Realty.com since Thu April 23, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 25/100, Transit Score: 0/100, Bike Score: 33/100.

Listing provided courtesy of: BLUE FOREST REALTY INC.
Listing agent: JEREMY LLOYD IVANY

This content last refreshed on 2026-06-05 22:15:09. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.