46-48 Wellington Street East, Chatham, ON, N7M 3N9 - investment for sale | Listing ID 24027504

Investment For Sale In Chatham, Ontario

$550,000

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46-48 Wellington Street East, Chatham, ON - Outdoor With Facade

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Kitchen

46-48 Wellington Street East, Chatham, ON - Indoor

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Bathroom

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Bedroom

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Living Room

46-48 Wellington Street East, Chatham, ON - Indoor Photo Showing Other Room

46-48 Wellington Street East, Chatham, ON - Outdoor

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46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

$550,000

Property Information:

Cashflowing triplex for sale just steps from downtown Chatham. Recently renovated in 2022, this property features 2 two-bedroom units and 1 one-bedroom unit, each with separate heating, electrical, and in-suite laundry. Modern finishes include quartz countertops, dishwashers, tiled showers, and LED lighting. One 2-bedroom unit is vacant, previously rented for $1,495. Landlord covers gas (on-demand tank Only) and water. Potential for $49,000 in rental income. 5 parking spaces. Neighboring 4-plex also for sale, potential for CMHC financing. See documents for full income & expense report (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Air Conditioning: Yes
Exterior Finish: Brick
Flooring Type: Flooring Type
Foundation Type: Block
Heating Type: Heat Pump
Heating Fuel: Electric
Cooling Type: Heat Pump

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Built in: 1910
Zoning: RL3
Parking Type: Other
No. of Parking Spaces: 5

Courtesy of: BLUE FOREST REALTY INC.

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Location of 46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

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, 46-48 WELLINGTON STREET East , 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, 46-48 WELLINGTON STREET East , 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 46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$70,790.87

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.07 %

High school certificate or equivalent

37.69 %

Apprenticeship trade certificate/diploma

8.03 %

College/non-university certificate

19.23 %

University Degree

3.98 %

Commuter

Travel To Work

By Car

88.29 %

By Public Transit

0.0 %

By Walking

8.7 %

By Bicycle

0.0 %

By Other Methods

3.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.27 %

Houses

78.73 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Location of 46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

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

46-48 WELLINGTON STREET East, Chatham, Ontario, N7M 3N9

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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