Listed by Blue Forest Realty Inc..

41 Adelaide Street S is a Triplex, 2-Storey and is currently for Sale @ $284,900. Taxes in 2025 were $2,337.00.

More homes for sale under 300k in Chatham-Kent

A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. The 2-Storey on 41 Adelaide Street S has 4 bedrooms, 3 bathrooms, and is located on a 104.87 x 56.5 ft lot in the community of Chatham . This is an ideal opportunity for investors looking to reposition a multi-unit asset and force appreciation through renovations and rent optimization. The property consists of three self-contained units. One unit is currently tenanted, generating $850/month plus gas and hydro, providing in-place income from day one. The remaining two units are vacant and ready for renovation, including a one-bedroom and a two-bedroom suite. Both units present a clear opportunity to add value through updates and modernization, with strong upside once stabilized. The property is well-structured for investment efficiency with separate hydro and gas meters, allowing tenants to pay their own gas and hydro, while the landlord is responsible only for water. Each unit is serviced by its own gas furnace and dedicated electrical breaker panel, supporting independent utility control and ease of management. On-site parking is available for all units. Located close to downtown amenities and within CBD zoning, the property offers additional flexibility and long-term redevelopment potential beyond its current use. The property is being sold as-is, making it a strong fit for investors seeking a straightforward value-add opportunity with clear upside through repositioning.

3 REFRIGERATORS; 3 STOVES;

The address 41 Adelaide Street S was listed for sale (MLS# X13037228) on Thursday, April 23, 2026.