266 Grand Avenue West, Chatham, ON, N7L 1C1 - investment for sale | Listing ID 24018163

266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

MLS® # 24018163

Investment For Sale In Chatham, Ontario

$599,000

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266 Grand Avenue West, Chatham, ON - Outdoor

266 Grand Avenue West, Chatham, ON - Outdoor With View

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Kitchen With Double Sink

266 Grand Avenue West, Chatham, ON - Indoor

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Living Room With Fireplace

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Bedroom

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Bathroom

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Kitchen

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Dining Room

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Living Room

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Other Room

266 Grand Avenue West, Chatham, ON - Indoor Photo Showing Laundry Room

266 Grand Avenue West, Chatham, ON - Outdoor With Body Of Water With View

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Home Insurance - TD Insurance

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Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $599,000 property in Chatham

Provided by TD Insurance

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266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

$599,000

Property Information:

Turnkey investment opportunity, fully occupied Triplex with strong cash flow and NOI. Well maintained, backing onto the Thames River, zoned urban commercial, with endless income opportunities and potential uses. Currently set up as 3 separate units. Main floor unit is a well appointed 2 bed plus bonus room, renting for $1485 a month, all incl. Cozy basement unit recently renovated, renting for $1076 a month, all incl. Upper unit is very spacious with future potential as it has an additional floor that is not currently utilized. Renting for $830 plus hydro and gas. All units are occupied and rents are paid on time. Annual gross income of $40,692. Estimated annual expenses of $9832, with an approx. NOI of $30,860. Please allow a MINIMUM of 24 hours notice for ALL showings. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Exterior Finish: Brick
Flooring Type: Hardwood, Laminate
Foundation Type: Block, Concrete
Heating Type:
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Built in: 1900
Irregular: Yes
Lot Size: 80.56 x Irregular
Zoning: UC (HC1)
Parking Type: Other
No. of Parking Spaces: 6

Courtesy of: NEST REALTY INC.

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Market Price Trends

Location of 266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 266 Grand AVENUE West , experiences 7 hot days per year at around 31.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 35.2 degrees Celsius.

Projected Avg. Temperature

Past

31.7℃

2050

35.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

57/100

Moderate

ClimateCheck®

Current data

This property, 266 Grand AVENUE West , experiences 11 significant 2-day storms per year, with about 303.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 374.3mm of precipitation per year.

Precipitation Per Storm

Past

303.8mm

2050

374.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$82,247.55

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.55 %

High school certificate or equivalent

36.63 %

Apprenticeship trade certificate/diploma

5.01 %

College/non-university certificate

23.95 %

University certificate (below bachelor)

2.05 %

University Degree

10.81 %

Commuter

Travel To Work

By Car

85.86 %

By Public Transit

0.07 %

By Walking

10.38 %

By Bicycle

0.07 %

By Other Methods

3.62 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

57.69 %

Houses

42.31 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

266 Grand AVENUE West, Chatham, Ontario, N7L 1C1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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