5 Tiffany STREET, Chatham-Kent, Ontario N0P 2C0
$419,000.00
Turnkey Duplex Opportunity! Discover this fully converted duplex situated on an impressive approximately ¼-acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike. The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service. Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and ... read more
Turnkey Duplex Opportunity! Discover this fully converted duplex situated on an impressive approximately ¼-acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike. The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service. Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and outdoor living that's rarely found in duplex properties. The generous lot also provides ample parking and plenty of room to enjoy. With extensive updates already completed and reliable rental income in place, this property offers a seamless investment opportunity from the day you take possession. Whether you're expanding your investment portfolio or searching for your first home, this property also presents an excellent house-hacking opportunity—live in one unit while the rental income from the other helps offset your mortgage and monthly expenses. Don't miss this opportunity to own a fully renovated income property with exceptional flexibility, offering the potential to generate income from day one while building long-term wealth. (id:25417)
- Listing ID: 26022419
- Property Type: Multi-family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | X / 0.252 AC|0.25- 0.50 Acre |
| Parking: | Other |
| Building | |
|---|---|
| Type: | Multi-family Duplex |
| HVAC: | Fireplace, Forced Air and Furnace Natural Gas |
| Exterior: | Aluminum/Vinyl |
| Location | |
|---|---|
| Municipality: | Chatham-Kent |
| Province: | Ontario |
| Rooms | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Second level | 6 ft ,3 in x 5 ft ,9 in |
| Bedroom | Second level | 14 ft ,8 in x 8 ft ,5 in |
| Bedroom | Second level | 11 ft ,7 in x 9 ft ,8 in |
| Bedroom | Second level | 10 ft ,8 in x 7 ft ,10 in |
| Bedroom | Basement | 13 ft ,5 in x 9 ft ,9 in |
| Utility room | Basement | 8 ft x 7 ft ,6 in |
| Recreation room | Basement | 9 ft ,6 in x 7 ft |
| Bedroom | Main level | 13 ft ,5 in x 10 ft ,2 in |
| Bedroom | Main level | 11 ft ,4 in x 10 ft |
| Living room | Main level | 11 ft ,3 in x 11 ft ,2 in |
| Kitchen | Main level | 11 ft ,5 in x 11 ft ,1 in |
| 4pc Bathroom | Main level | 9 ft ,10 in x 8 ft ,8 in |
| Laundry room | Main level | 13 ft ,7 in x 4 ft |
| Laundry room | Main level | 10 ft ,6 in x 6 ft ,4 in |
| Living room/Dining room | Main level | 13 ft x 11 ft ,10 in |
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