128 West Street, Chatham Kent
This triplex offers high rental income and excellent flexibility for investors and owner-occupants alike. The property currently generates $3,260 per month in rental income across all three units, with separate hydro and gas meters for straightforward expense management. 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 unit now rented for $1,125 per month plus hydro and gas. Each unit has its own hydro and gas meter, while on-site laundry provides added convenience for tenants. Two of the units have been thoughtfully updated, blending modern finishes with the character of the building. Key mechanical updates include a furnace and hot water tank completed in 2023, along with renovations to Unit 1 in 2024 and Unit 3 in 2023. Unit 3 also received a new entrance in 2025, and the sewer and drain lines have been replaced and lined with CIPP for added long-term peace of mind. The property offers parking for two vehicles and a functional layout that continues to attract quality tenants. With all three units currently rented and a solid rental history, this is an excellent opportunity for an investor looking to add a cash-flowing property to their portfolio or an owner-occupant looking for a multi-unit property with established rental income. Located in Chatham, this triplex offers the income, flexibility and updates that make for a compelling investment opportunity. (id:1945)
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Property details for 128 West Street, Chatham Kent
- Type
- Multi-family
- Bedrooms
- 3
- Bathrooms
- 2
- Lot Size
- 49.1 x 106.8 FT
- Stories
- 2
- Basement
- Partial, Crawl space
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Aluminum siding, Vinyl siding
- Annual Taxes
- $2,158
Nearby Listings Stat
Estimated price and comparable properties near 128 West Street
Active Listings
3
Min Price
$299,000
Max Price
$538,888
Avg Price
$390,963
Days on Market
29
days
Sold Listings
2
Min Sold Price
$324,900
Max Sold Price
$435,000
Avg Sold Price
$379,950
Days until Sold
155
days
Neighbourhood Census Data
Chatham-Kent, Ontario
Population
457
Median Age
39.9
Median Income
$25,888
Dwelling Value
$105,199
Housing Tenure
Owners 52%
Renters 46%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 1,061.6/km²
Avg Shelter Cost: $908/mo
Owners with Mortgage: 82.6%
Owners Spending 30%+: 34.8%
Tenants Spending 30%+: 38.1%
English only: 89%
English and French: 11%
Median Household Income: $39,296
Median Employment Income: $25,280
Price History
Listed
September 1, 2026
by BLUE FOREST REALTY INC.
Current Price
$299,000
Type
Multi-family
For Sale