For Sale: 162 Park Street, Chatham-Kent, ON - REW
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$589,900
0 bd • ba • sf • Multifamily
162 Park Street
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$589,900
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162 Park StreetChatham-Kent, ON, N7M 3R8

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Presenting an exceptional turnkey investment opportunity featuring a cash-flowing fourplex with a rare all-main-floor layout and grade-entrance accessibility. The property consists of four two-bedroom, one-bathroom units with separately metered hydro. Three units are occupied by reliable tenants who have a proven track record of on-time payments. These tenants moved in 2023, so rental rates are locked at near current market levels. The fourth unit has been freshly updated and is vacant, offering an immediate opportunity to place a high-quality tenant of your choice at market rent. On-site coin operated laundry provides an additonal income stream and the rental contract is transferable. The boiler was replaced in 2017, taking care of a major capital expenditure. Repairs were completed on the low-sloping roof in 2026 and there is room for 5-6 parking spots. With a cap rate of approximately 7%, this asset delivers predictable, high-yield performance. Call today for more information and schedule your private walkthrough. (id:63626)
Listed by: JANET ELLEN MADER, Sales Person, ROYAL LEPAGE PEIFER REALTY, Brokerage

Home facts and features

Price details
List Price
$589,900
Get Pre-Approved
Gross Taxes for 2026
$3,879
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Year Built
Built in 1945 (81 yrs old)
Title
Freehold
Exterior Finish
Stucco, Aluminum/Vinyl
Heating Type
Boiler, Natural gas, Ductless
Features
Laundry Facility
Agent details
Primary Agent
JANET ELLEN MADER
Primary Broker
ROYAL LEPAGE PEIFER REALTY, Brokerage
Listing details
Days on REW
3 Days
MLS® Number
26026413
Source
Canadian Real Estate Association
Board
Chatham Kent Association of REALTORS®
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25 Years
Interest Rate
3.99%

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Property Insights

Queen Elizabeth II C Public School
  • Public
  • JK - 8
St Joseph Catholic School
  • Catholic
  • JK - 8
Victor Lauriston Public School
  • Public
  • JK - 8
Ursuline College (The Pines) Catholic Secondary School
  • Catholic
  • 9 - 12
St Ursula Catholic School
  • Catholic
  • JK - 8
Georges P Vanier Catholic School
  • Catholic
  • JK - 8
Winston Churchill Public School
  • Public
  • JK - 8
St Agnes Catholic School
  • Catholic
  • JK - 8
King George VI Public School
  • Public
  • JK - 8
John McGregor Secondary School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Sales Person
JANET ELLEN MADER
Phone:
(221) 881-0078
Cell:
(226) 881-0098
Office:
519-354-5470
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