215 Grand Avenue East Chatham, Ontario N7L 1W3

3 Bedroom 2 Bathroom
Central Air Conditioning Furnace

$325,000

Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive. (id:15069)

Property Details

MLS® Number 26006843
Property Type Single Family
Features Front Driveway, Gravel Driveway, Rear Driveway

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Total 3
Constructed Date 1850
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Flooring Type Ceramic/porcelain, Hardwood, Cushion/lino/vinyl
Heating Fuel Natural Gas
Heating Type Furnace
Stories Total 2
Type House

Land

Acreage No
Fence Type Fence
Size Irregular 42.72 X 133
Size Total Text 42.72 X 133
Zoning Description Rl3

Rooms

Level Type Dimensions
Second Level Living Room 14 ft x 12 ft
Second Level Primary Bedroom 9 ft x 11 ft
Second Level 4pc Bathroom Measurements not available
Second Level Kitchen 14 ft x 5 ft
Main Level Primary Bedroom 13 ft x 12 ft
Main Level Bedroom 9 ft x 11 ft ,4 in
Main Level Kitchen 8 ft x 10 ft
Main Level 4pc Bathroom Measurements not available
Main Level Living Room/dining Room 30 ft x 14 ft

https://www.realtor.ca/real-estate/29548227/215-grand-avenue-east-chatham

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