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128 WEST STREET, Chatham-Kent (Chatham)

3 BEDS · 2 BATHS · 2000 - 2500 sqft

$299,000

This triplex offers high rental income and excellent flexibility for investors and owner-occupants alike. The property currently generates $3,260 per month in rental income across all three units, with separate hydro and gas meters for straightforward expense management. The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive. Unit 3 is a 1-bedroom unit now rented for $1,125 per month plus hydro and gas. Each unit has its own hydro and gas meter, while on-site laundry provides added convenience for tenants. Two of the units have been thoughtfully updated, blending modern finishes with the character of the building. Key mechanical updates include a furnace and hot water tank completed in 2023, along with renovations to Unit 1 in 2024 and Unit 3 in 2023. Unit 3 also received a new entrance in 2025, and the sewer and drain lines have been replaced and lined with CIPP for added long-term peace of mind. The property offers parking for two vehicles and a functional layout that continues to attract quality tenants. With all three units currently rented and a solid rental history, this is an excellent opportunity for an investor looking to add a cash-flowing property to their portfolio or an owner-occupant looking for a multi-unit property with established rental income. Located in Chatham, this triplex offers the income, flexibility and updates that make for a compelling investment opportunity.

General Info


MLS Listing ID: X13731244 Bedrooms: 3 Bathrooms: 2 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Unknown Roof: N/A Title To Land: N/A Parking Space Total: 2
Parking: No Garage Heating: Forced air Size: 2000 - 2500 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Partial, Crawl space
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: TAYLOR IVANY, BLUE FOREST REALTY INC.

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