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$369,000
Available - For Sale
Listing ID: X12728000
This investment property presents a compelling opportunity with strong potential returns. The current rents reflect two units: a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit at $1,750 plus utilities. With a list price of $369,000, the projected cap rate stands over a solid 10% after accounting for insurance and property taxes. Notably, the property is vacant and ready for new tenancy, allowing a new owner to present immediate occupancy without downtime. Typically, properties at this return level require substantial renovations; however, this property has been extensively updated. Electrical work is completely brand new, including complete rewiring, a separate meter and panel-based setup, updated overhead service, and all new electrical components. All ESA inspections have been completed, and the property is equipped with two water tanks, two furnaces, and two gas meters and two water meters.
Price $369,000
Taxes: $1,663.49
Assessment Year: 2025
Occupancy by: Vacant
Address: 22 Cross Street , Chatham-Kent, N7M 1K5, Chatham-Kent
Directions/Cross Streets: Jeffrey and Cross
Rooms: 12
Rooms +: 1
Bedrooms: 3
Bedrooms +: 0
Washrooms: 2
Family Room: T
Basement: Partial Base
Unfinished
No. of Pieces Level
Washroom 1:  4
Washroom 2:  4
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: Bungalow
Exterior: Vinyl Siding
Garage Type: Detached
Drive Parking Spaces: 1
Pool: None
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
BLUE FOREST REALTY INC.

22 Cross Street , Chatham-Kent, N7M 1K5, Chatham-Kent

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Chatham-Kent
Municipality: Chatham-Kent
Neighbourhood: Chatham
Style: Bungalow
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $1,663.49
Maintenance Fee: $0
Beds: 3
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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