162 Park STREET, Chatham, Ontario N7M 3R8

162 Park STREET, Chatham, Ontario N7M 3R8
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$589,900.00

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 ... read more

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:25417)

  • Listing ID: 26026413
  • Property Type: Multi-family
  • Year Built: 1945
Property
Ownership: Freehold
Lot Size: X / 0.19 AC|0-0.25 Acre
Parking: Other
Building
Type: Multi-family Fourplex
HVAC: Boiler, Ductless and Fireplace
Natural Gas
Exterior: Aluminum/Vinyl and Stucco
Location
Town: Chatham
Province: Ontario
Rooms Level Dimensions
Bedroom Main level 11 ft x 9 ft ,5 in
Bedroom Main level 8 ft ,3 in x 11 ft ,2 in
4pc Bathroom Main level 5 ft x 8 ft
Living room/Dining room Main level 11 ft x 17 ft ,6 in
Kitchen Main level 8 ft x 7 ft ,2 in
4pc Bathroom Main level 5 ft x 8 ft
Bedroom Main level 9 ft ,5 in x 12 ft
Bedroom Main level 9 ft ,3 in x 12 ft
Kitchen Main level 5 ft ,5 in x Measurements not available
Dining room Main level 8 ft x 8 ft ,5 in
Living room Main level 16 ft ,2 in x 15 ft
Living room/Dining room Main level 12 ft x 25 ft ,3 in
Bedroom Main level 9 ft ,5 in x 11 ft
Bedroom Main level 10 ft x 9 ft
4pc Bathroom Main level 5 ft x 8 ft
Kitchen Main level 8 ft ,5 in x 7 ft ,3 in
Bedroom Main level 10 ft ,7 in x 11 ft
Bedroom Main level 10 ft x 10 ft ,7 in
4pc Bathroom Main level 5 ft x 7 ft
Kitchen Main level 7 ft ,5 in x 7 ft ,3 in
Living room/Dining room Main level 12 ft x 23 ft ,6 in

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162 Park STREET, Chatham, Ontario N7M 3R8
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This property, located on Park Street in Chatham Ontario, was published on October 31st, 2026. See if this multi-family home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Chatham convenient.

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