$284,900 Sale

Listed 81 days ago

41 ADELAIDE STREET S

MLS® x13637634 Triplex

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Beds · 4

Baths · 3.0

Parking · 3

Sqft · 2000 - 2500

Est. mortgage

$1,081/mo

Key Facts

Key facts for 41 ADELAIDE STREET S

Property Type

Apartment

Parking

Garage: No, 3 parking

MLS #

X13637634

Size

2000 - 2500 sqft

Basement

None

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consist...s of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning. (id:10452)

Full Property Details

Interior

Bedrooms

Washrooms

3.0

Square Footage

2000 - 2500 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

3.0

Square Footage

2000 - 2500 sqft

Basement

None

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Exterior

Acreage

56.5 x 104.9 FT

Parking Spaces

Garage Spaces Y/N

Acreage

56.5 x 104.9 FT

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Triplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Triplex

Exterior

Brick

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Chatham

Area Code

Chatham-Kent (Chatham)

Community

Chatham

Area Code

Chatham-Kent (Chatham)

Room Types

Bathroom

Dimensions 1 m x 1 m

10.76 sqft

Bathroom

Dimensions 4.11 m x 1.97 m

87.15 sqft

Bedroom

Dimensions 2.76 m x 3.64 m

108.14 sqft

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Kasidy Dewulf

Email: [email protected] Cell: 519-350-0754