For saleMLS® X13873574
241 Grand Avenue East
Chatham, N7L1W7
$1,200,000
- Interior
- 4,747 ft²
- Type
- Multi-unit
About this home
Well-maintained mixed-use investment property on a corner lot along Grand Ave E in Chatham, offered together with an additional HC1-zoned lot. The building has ten units in total, with eight renovated residential suites and two street-front commercial spaces. Extensive updates have been completed over the years, including the roof, windows, siding, electrical, plumbing and water heater, along with renovated kitchens, washrooms and flooring throughout the residential units.
Hydro is separately metered with tenants paying their own, and there is room to grow income over time. The additional lot currently serves as parking for the commercial units and offers potential for future development. A solid opportunity for investors looking for steady income with upside.
Property details
- Property type
- Multiplex
- Ownership
- Freehold
- Property taxes
- $13,500
- Heating
- Baseboard heaters, Forced air, Natural gas
- Water
- Municipal water
- Time on market
- 26 days on market
Location
Thinking about the area? Read my guide to Chatham.
Estimate your payment
20% down. The minimum on this price is $95,000.
Your monthly payment
$5,313
- Mortgage amount
- $960,000
- Interest over the amortization
- $634,002
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.








