$479,000
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266 Grand Avenue West, Chatham, ON N7L1C1

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Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units now vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a premium lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:58753)

Listing By: MEG LYTTLE - NEST REALTY INC.
Source: CREA #26017398 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 26017398
  • Date Listed07/20/2026
  • Days on Realty 73 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: 25/100, Transit Score: 0/100, Bike Score: 32/100.

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 $479,000. Highlights include built in 1900. Realty.ca has 44 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 44 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 Mon July 20, 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: 25/100, Transit Score: 0/100, Bike Score: 32/100.

This content last refreshed on 2026-10-01 08:38:07. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.