For Sale: 266 Grand Avenue West, Chatham-Kent, ON - REW
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$479,000
0 bd • ba • sf • Multifamily
266 Grand Avenue West
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$479,000
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266 Grand Avenue WestChatham-Kent, ON, N7L 1C1

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: MEG LYTTLE, Broker of Record, NEST REALTY INC.

Home facts and features

Price details
List Price
$479,000
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Gross Taxes for 2025
$3,844
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Irregular / 0.51 AC
Year Built
Built in 1900 (126 yrs old)
Title
Freehold
Exterior Finish
Brick, Aluminum/Vinyl
Heating Type
Natural gas, Furnace
Cooling
Central air conditioning
Agent details
Primary Agent
MEG LYTTLE
Primary Broker
NEST REALTY INC.
Listing details
Days on REW
10 Days
Property Views
21
MLS® Number
26017398
Source
Canadian Real Estate Association
Board
Chatham Kent Association of REALTORS®
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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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Call Agent
Broker of Record
MEG LYTTLE
Phone:
(519) 359-0604
Cell:
(519) 359-0604
Office:
519-354-7474
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