
185 Thames Street
Chatham, Ontario
Multi-family
Welcome to a prime duplex investment opportunity at 185/187 Thames St., perfectly situated in the vibrant heart of Chatham, Ontario. This exceptionally well-maintained property features a highly desirable side-by-side configuration, making it an ideal acquisition for savvy real estate investors or buyers looking for a primary residence that generates substantial rental income. The property consists of two distinct units. The first is a well-maintained, tenant-occupied space currently generating reliable income at $1,100 per month, featuring stylish modern updates including fresh paint, durable new flooring, and an updated kitchen. The second unit is currently owner-occupied, and the seller will provide full vacant possession upon closing. This vacancy presents a phenomenal opportunity to either move in and ""house hack"" or optimize your portfolio by setting current market rent, which is conservatively estimated at $1,700 or more per month. Both units benefit from separate newer HVAC systems that ensure premium climate control and energy efficiency, a brand-new roof for total peace of mind, and separate dedicated laundry facilities located in the basement. Residents on both sides will love the access to a beautiful, private backyard oasis that offers a serene outdoor escape from the daily hustle. Parking is effortless with a long cement driveway that easily accommodates four vehicles, supplemented by ample street parking. Do not miss out on this turnkey gem!
Price History
Schools
Secondary
- Ursuline College Chatham Catholic Secondary School0.8 km
Catholic · St Clair CDSB · 1335 students
Grade 10 literacy: 88% met the provincial standard
- Chatham-Kent Secondary School1.4 km
Public · Lambton Kent DSB · 1150 students
Grade 10 literacy: 77% met the provincial standard
- John McGregor Secondary School3.1 km
Public · Lambton Kent DSB · 560 students
Grade 10 literacy: 65% met the provincial standard
Elementary
- King George VI Public School1.1 km
Public · Lambton Kent DSB · 285 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Victor Lauriston Public School1.9 km
Public · Lambton Kent DSB · 320 students
Grade 3 reading: 57% met the provincial standard · Grade 6 math: 0% met the provincial standard
- Winston Churchill Public School1.9 km
Public · Lambton Kent DSB · 250 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 29% 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.
Walk Score
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Location
Mortgage Calculator
$61,000
Estimated Monthly Payment
$1,498
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,498/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $76/mo
Estimates only. Consult a financial advisor.