128 WEST STREET
- 3 bed
- 2 bath
- 2000 - 2500 sqft
$324,900
Your
status: Active
For sale
Property Type
Multi-family
- Building Type
- Triplex
- Land Size
- 49.1 x 106.8 FT
- MLS®#
- X13062164
- Listed By
- BLUE FOREST REALTY INC.
Rent vs Buy
Making the Right Financial Choice
Need a Mortgage?
Rates as low as
4.99%
This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates 2,135 per month from two tenanted units, with a third unit vacant that was previously rented for 1,195 per month plus utilities, bringing the potential gross monthly income to 3,330.The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for 1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for 1,085 per month, inclusive. Unit 3 is a 1-bedroom that is currently vacant and was previously rented for 1,195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience. Two of the units have been thoughtfully updated, blending modern finishes with character. Key mechanical updates include a furnace and a hot water tank completed in 2023. Additional improvements include renovations to Unit 1 in 2024 and Unit 3 in 2023, a new entrance for Unit 3 completed in 2025, and sewer and drain lines that have been replaced and lined with CIPP for long-term peace of mind. The property also offers parking for two vehicles and a functional layout that continues to attract quality tenants. Whether youre expanding your portfolio or entering the market with a house hacking strategy, this is a solid income-generating opportunity in Chatham. (id:6772)
Property
Transaction Type
For sale
Land Size
49.1 x 106.8 FT
MLS®#
X13062164
Inside
Bedrooms
3
Bathrooms
2
Fireplace
False
Building
Basement
Partial, Crawl space
Heating
Forced air
Heating Fuel
Natural gas
Cooling
None
Total Stories
2
Parking
Parking Space
No Garage
Utilities
Water
Municipal water
Land
Sewer
Sanitary sewer
Location Description
Community Name
Chatham
Land Size
49.1 x 106.8 FT
Size Interior
2000 - 2500 sqft
Listed by
BLUE FOREST REALTY INC.
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association.
