342 King Street West, Chatham

Added: 1 month ago
Updated: 1 month ago
Last Checked: 1 week ago
Listed by: ROYAL LEPAGE PEIFER REALTY (DRESDEN)
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Listing description
This Other at 342 King Street West Chatham, ON with the MLS Number 25018294 listed by KRISTA MALL - ROYAL LEPAGE PEIFER REALTY (DRESDEN) on the Chatham market 1 month ago at $529,000.

Excellent Investment Opportunity – Solid Fourplex in Chatham! Don’t miss your chance to own this well-built, income-generating fourplex located just on the fringe of downtown Chatham. Situated near the hospital, local amenities, and with convenient access to public transportation, this property offers a prime location for tenants and consistent rental income for investors. All four units are one-bedroom apartments, fully occupied and who pay their own utilities. Monthly rents are as follows: Unit 1 – $1,295, Unit 2 – $490.36, Unit 3 – $980.82, and Unit 4 – $1,150.40, bringing in a total gross annual income of $46,999.20. The property has seen several updates over the years, including a new roof in 2021, two high-efficiency furnaces, some updated flooring, and ample parking for tenants. This is a turn-key opportunity with solid returns and great potential for future appreciation. This is a fantastic chance to diversify your portfolio in a desirable and historic area of Chatham. (id:1945)

Property Details Key information about 342 King Street West

Heating:
- Baseboard heaters
- Forced air
- Electric
- Natural gas
Structure Type: Fourplex
Exterior Features: Aluminum/Vinyl

Exterior & Lot Features Learn about the exterior and lot specifics of 342 King Street West

Parking Features: Other
Lot Size Dimensions: 52' x 148'

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Nearby Listings Stat Estimated price and comparable properties near 342 King Street West

Active listings

359

Min Price

$11

Max Price

$6,900,000

Avg Price

$546,954

Days on Market

47 days

Sold listings

131

Min Sold Price

$29,900

Max Sold Price

$1,900,000

Avg Sold Price

$462,513

Days until Sold

51 days

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Glitters Fun Eatery (0.4 km)
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Fortune Express (0.6 km)
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Domino's Pizza (0.6 km)
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Tokyo Sushi (0.7 km)
150 Richmond St, Chatham

Retro Suites Hotel (0.8 km)
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Smitty's Family Restaurant (0.8 km)
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Lucky In Restaurant & Tavern (0.9 km)
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Chilled Cork (0.8 km)
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Aristo's Catering (0.8 km)
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Chatham Jail (1.1 km)
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Price History

Listed

July 21, 2025

by ROYAL LEPAGE PEIFER REALTY (DRESDEN)

For Sale

$529,000

342 King Street West, Chatham

Listing description This Other at 342 King Street West Chatham, ON with the MLS Number 25018294 listed by KRISTA MALL - ROYAL LEPAGE PEIFER REALTY (DRESDEN) on the Chatham market 1 month ago at $529,000.

Nearby Listings Stat Estimated price and comparable properties near 342 King Street West

Nearby Places Nearby schools and amenities around 342 King Street West

Price History

Similar Other For Sale

Listing description
This Other at 342 King Street West Chatham, ON with the MLS Number 25018294 listed by KRISTA MALL - ROYAL LEPAGE PEIFER REALTY (DRESDEN) on the Chatham market 1 month ago at $529,000.