Gurvinder Nokwal REALTOR®
For Sale Triplex 48 days on market

$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
Map

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

Minimum for this price: $14,950 (5%)

Amortization, years

Estimated mortgage payment

$1,324 per month

Principal and interest
$1,324
Property tax
$180
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
Total, before legal fees
$62,760
Talk to me about financing

Estimates 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

128 West Street, Chatham-Kent, ON N7M 2R6 Chatham, Chatham-Kent, ON N7M 2R6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$299,000 128 West Street, Chatham-Kent, ON N7M 2R6
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