$299,000
Est. payment $1,324/moCalculate yours
128 West Street, Chatham-Kent, ON N7M 2R6
Chatham, Chatham-Kent, ON N7M 2R6
- 3 Beds
- 2 Baths
- 2,000 Sq Ft
Listing courtesy of BLUE FOREST REALTY INC. MLS® X13731244
About this home
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.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 2,000 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 3
- Basement
- Partial Basement, Crawl Space
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Aluminum Siding, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 49.08 x 106.75 Feet
- Parking
- None garage · 2 total
- Zoning
- RL3
Financial
- Property Taxes
- $2,158 (2025)
Location
- Neighbourhood
- Chatham
- Cross Street
- WEST & RICHMOND
- Direction Faces
- West
Listing
- MLS® Number
- X13731244
- Days on Market
- 48
- Listed On
- 2026-08-31
- Possession
- Tenanted
- Listed By
- BLUE FOREST REALTY INC.
Features
Interior
- None
Pool
- None
- Included
- 3 REFRIGERATORS; 3 STOVES; 1 WASHER; 1 DRYER;
- Excluded
- TENANT'S BELONGINGS
- Rental items
- Hot water heater
Mortgage calculator
Estimated mortgage payment
$1,324 per month
- Principal and interest
- $1,324
- Property tax
- $180
- Condo fees
- $0
- Estimated monthly cost
- $1,504
Your mortgage
- Mortgage amount
- $239,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $157,972
Cash to close
- Down payment
- $59,800
- Land transfer tax
- $2,960
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $62,760
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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