266 Grand Avenue
Chatham, Ontario
Multi-family
Turnkey cash-flowing Triplex with strong income potential, solid cash flow, and attractive NOI. Positioned on a premium lot backing onto the Thames River, this well-maintained property offers multiple income streams, redevelopment upside, and flexible future use options. Currently configured as three separate units. The main floor features a well-appointed 2-bedroom plus bonus room unit generating $1,554 per month all inclusive. The upper unit is spacious and offers additional untapped square footage on a third level, presenting clear value-add potential, currently renting for $868 plus hydro and gas. The basement unit has been recently updated with new carpet and fresh paint, is currently vacant, and provides immediate upside for rent optimization (previously rented for $1,083). Projected annual gross income of approximately $42,060. Estimated annual expenses between $12,000–$16,000, resulting in an approximate NOI of $26,000. New roof installed May 2025. Minimum 24 hours notice required for all showings. Strong investment fundamentals with immediate income, upside potential, and long-term growth opportunity. Opportunities like this in a prime riverfront setting and flexible zoning are limited. Secure your position in this asset today before it is gone.
Price History
Schools
Secondary
- Ursuline College Chatham Catholic Secondary School0.6 km
Catholic · St Clair CDSB · 1335 students
Grade 10 literacy: 88% met the provincial standard
- Chatham-Kent Secondary School2.2 km
Public · Lambton Kent DSB · 1150 students
Grade 10 literacy: 77% met the provincial standard
- John McGregor Secondary School3 km
Public · Lambton Kent DSB · 560 students
Grade 10 literacy: 65% met the provincial standard
Elementary
- Winston Churchill Public School0.8 km
Public · Lambton Kent DSB · 250 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 29% met the provincial standard
- Tecumseh Public School1.2 km
Public · Lambton Kent DSB · 575 students
Grade 3 reading: 51% met the provincial standard · Grade 6 math: 26% met the provincial standard
- King George VI Public School1.9 km
Public · Lambton Kent DSB · 285 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 50% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N7L
- Population
- 25,127
- Private dwellings
- 11,583
- Median age
- 47.2
- Average household size
- 2.2
- Median household income
- $68,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Chatham · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of multi-family properties in Chatham over the last 12 months.
Location
Mortgage Calculator
$99,800
Estimated Monthly Payment
$2,451
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,451/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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