163 Grand Avenue E Chatham, Ontario N7L 1W3

4 Bedroom 1784
None Forced Air


Introducing 163 Grand Avenue East, Chatham Ontario. This property boasts a Gross income of $25,248 and expenses of $4,947 less vacancy, insurance & maintenance, leaving a healthy profit margin for any investor. With separate gas/hydro & Water the opportunities are endless for future cash flow! Both units are two spacious 2-bedroom units with parking in the front and back. The upper unit has been recently renovated and is rented for $1,350 + hydro/gas/water & the lower unit is currently rented for $754 plus hydro. The expenses for 2022 are as follows: Hot Water Heater Rental = $821, Lower Gas = $1707.01, Property tax = $1979.80, Water for Lower unit = $850(Approx). Contact us today to learn more about this investment opportunity! (id:19173)

Property Details

MLS® Number 40404055
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Schools, Shopping
Equipment Type Water Heater
Features Park/reserve
Rental Equipment Type Water Heater


Bedrooms Total 4
Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1900
Cooling Type None
Exterior Finish Brick
Fire Protection None
Foundation Type Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1784
Type Duplex
Utility Water Municipal Water


Acreage No
Land Amenities Park, Place Of Worship, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 28 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rl3


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