For Sale: 201 Grand Avenue, Chatham-Kent, ON - REW
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$359,999
2 bd • 3 ba • 1500 - 1999 sf • Multifamily
201 Grand Avenue
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$359,999
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201 Grand AvenueChatham-Kent, ON, N7L 1C2

  • 2 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: QAISER MAHBOOB, Salesperson, Homelife/Miracle Realty Ltd., Brokerage

Home facts and features

Price details
List Price
$359,999
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Gross Taxes for 2026
$3,800
Home facts
Bedrooms
2
Full Bathrooms
3
Parking Spaces
6
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Depth
102 feet
Frontage
50.0 feet
Exterior Finish
Brick, Brick Facing
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Unfinished,
Features
Sump Pump
Appliances
Two Refrigerators, Two stoves, Washer, Water Heater
Agent details
Primary Agent
QAISER MAHBOOB
Primary Broker
Homelife/Miracle Realty Ltd., Brokerage
Listing details
Days on REW
48 Days
Property Views
35
MLS® Number
X13048314
Source
Canadian Real Estate Association
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Property Insights

St Agnes Catholic School
  • Catholic
  • JK - 8
Ursuline College (The Pines) Catholic Secondary School
  • Catholic
  • 9 - 12
John N Given Public School
  • Public
  • JK - 8
St Joseph Catholic School
  • Catholic
  • JK - 8
Winston Churchill Public School
  • Public
  • JK - 8
Tecumseh Public School
  • Public
  • JK - 8
Monsignor Uyen Catholic School
  • Catholic
  • JK - 8
King George VI Public School
  • Public
  • JK - 8
Victor Lauriston Public School
  • Public
  • JK - 8
Chatham-Kent 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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Salesperson
QAISER MAHBOOB
Phone:
855-500-7653
Office:
905-624-5678
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