Two-unit home with income potential near downtown Chatham

Property details for 133 Woods Street, Chatham

Type: Residential
Bedrooms: 2
Bathrooms: 2
Lot Size: 50 X 100 / 0.015 AC
Stories: 1.5
Heating: Natural gas, Furnace
Cooling: Central air conditioning, Fully air conditioned
Exterior: Aluminum/Vinyl
Ownership: Freehold
Annual Taxes: $3,300 (2026)

You're looking at a rare setup: a 1.5-storey house with a separate dwelling unit, both on a 50x100 lot. The main home has 1 bedroom, while the ADU adds another bedroom and a 3pc bath, bringing the total to 2 beds and 2 baths across 1,500 sqft. The interior mixes hardwood, laminate, and ceramic tile, and the photos show a clean, livable space with a functional kitchen-dining area. Central air and gas furnace keep it comfy. There's a front gravel driveway for parking. The standout is the extra unit, which could offset your mortgage or give family their own space. Located on Woods Street, you're half a kilometre from Smitty's and a few spots to eat, about 1 km to Food Basics, and within walking distance to Ursuline College (0.6 km). St. Clair College is 1.1 km away. The assessed taxes run $3,300 annually. Priced at $349,900, it's under the nearby median of $399,900, and with 21 active listings, you've got negotiation room. Chatham's market is moving: homes sell in about 32 days on average. This is a solid investment play if you're open to being a landlord. The 1.5-storey layout means the second floor is cozy, but the rental income potential comes through.\n\nIf you want a property that generates income or works for a family, this checks the box. The ADU is a big draw, and the location's practical for daily needs. You'll want to check the condition in person, but the bones look sound.

About 133 Woods Street, Chatham — Property Score

Strong Investment Hot Market Well Priced

Score: 68/100

Value

Priced 21.7% below area median of $447,000 based on 152 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 1 fewer than similarly priced 3-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

5,000 sqft lot - a standard lot for the area 65

Location

$33K median household income - below the Canadian average of $70K 47

62% of residents hold postsecondary credentials - an above-average education level 72

32% homeownership rate - a renter-majority neighbourhood 52

74% of residents commute under 30 minutes - excellent commuter accessibility 89

2,652/km² population density - a well-balanced suburban area 97

Market

Just listed - area average is 43 days on market 100

+9.6% median price change over 1 month - rising prices in the area 98

32 months of housing supply - 256 active listings with 8 sold last month (buyer's market) 40

Features

Natural gas, Furnace 60

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.94% effective tax rate ($3,300/yr) - below the Canadian average of ~1% 72

70% renter population - strong rental demand in this area 100

Quality

Condition

Listing

47 photos provided - 34% more than the area average of 35 photos 92

4 of 7 key property details provided (57%) - some key property details missing 67

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.