$ 599,900
Ontario Chatham Chatham Downtown
27 Photos
54 Wellington Street East, Chatham, ON N7M3N9 Photo 2
54 Wellington Street East, Chatham, ON N7M3N9 Photo 3
54 Wellington Street East, Chatham, ON N7M3N9 Photo 4
54 Wellington Street East, Chatham, ON N7M3N9 Photo 5

54 Wellington Street East, Chatham

  • Added: 2 months ago
  • Updated: 2 months ago
  • Last Checked: 23 hours ago
  • Listed by: EXP REALTY
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Listing description
This Other at 54 Wellington Street East Chatham, ON with the MLS Number 25015047 listed by MILENA SIMSIC - EXP REALTY on the Chatham market 2 months ago at $599,900.

Turnkey fourplex in central Chatham with solid cash flow, recent upgrades, and reliable, clean tenants. This fully legal, purpose-built property offers four units total — 2 × 2-bed and 2 × 1-bed — each with separate hydro meters and strong tenant appeal. The building was renovated in 2020, including updates to interiors, roof, plumbing, and electrical, and has been well maintained since. Three of the four units are in clean, move-in condition, while one unit may benefit from light cleanup. There's also a common laundry area for tenant use. Current monthly rental income is $4,924 ($59,088 annually), with all units occupied and separately metered for hydro. Rent increases effective Oct. 2025 bringing total monthly rent to $5,046. Ideal for investors seeking a stabilized asset with upside and minimal capital outlay. (id:1945)
Property Details Key information about 54 Wellington Street East
  • Heating:
    • Natural gas
    • Furnace
  • Structure Type: Fourplex
  • Exterior Features: Aluminum/Vinyl
Exterior & Lot Features Learn about the exterior and lot specifics of 54 Wellington Street East
  • Parking Features: Other
  • Lot Size Dimensions: 82x48
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Nearby Listings Stat Estimated price and comparable properties near 54 Wellington Street East

Active listings
302
Min Price
$11
Max Price
$6,900,000
Avg Price
$524,704
Days on Market
47 days
Sold listings
114
Min Sold Price
$29,900
Max Sold Price
$1,955,000
Avg Sold Price
$471,405
Days until Sold
55 days

Nearby Places Nearby schools and amenities around 54 Wellington Street East

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Chilled Cork (0.3 km)
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Retro Suites Hotel (0.3 km)
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Fortune Express (0.5 km)
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Glitters Fun Eatery (0.7 km)
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Pizza Tonite (0.8 km)
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Mama Maria's Italian Eatery (0.9 km)
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Domino's Pizza (0.9 km)
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Tokyo Sushi (1 km)
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The Cajun Pepper Inc (1.7 km)
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Chatham Jail (0.6 km)
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Coffee Culture Catering (0.6 km)
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Tim Hortons (0.9 km)
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Tim Hortons (1.1 km)
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Chatham-Kent (1.1 km)
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Sobeys (1.3 km)
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Chatham Memorial Arena (1.4 km)
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Price History

June 13, 2025
by EXP REALTY
$599,900
54 Wellington Street East
More Details?
MILENA SIMSIC

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