41 Adelaide Street
Chatham-Kent, ON
- 4 bed
- 3 bath
- approx. 2000-2500 sqft
- Triplex
- 44 days on market
A rare value-add triplex in a centrally located CBD-zoned area, offering immediate income, strong upside, and future flexibility. 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.
Listing Details
- Taxes (2025)
- $2,337
- Listed
- August 4, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Brick, Stone
- Interior
- None
- Lot Size
- 56.5 x 104.87 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- ADELAIDE ST S & KING ST E
- Parcel Number
- 005040285
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 REFRIGERATORS; 3 STOVES;
Community
Postal area N7M
- Population
- 25,579
- Private dwellings
- 11,361
- Median age
- 44
- Average household size
- 2.3
- Median household income
- $71,000
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
Residential Freehold in Chatham-Kent · last 12 months
- Median sold price
- $349,900
- Homes sold
- 119
- Median days on market
- 24
- Sale-to-list price
- 95.4%
Based on 119 recorded sales of residential freehold properties in Chatham-Kent over the last 12 months.
Rooms
4-piece, 4-piece, 4-piece
Second
- Bathroom13'6" x 6'6"
- Office13'5" x 12'4"
- Primary Bedroom13'5" x 12'5"
Main
- Bathroom3'3" x 3'3"
- Bedroom9'1" x 11'11"
- Kitchen13'8" x 9'5"
- Kitchen13'6" x 12'7"
- Living Room13'5" x 8'4"
- Living Room13'5" x 12'7"
- Office13'5" x 8'1"
Listed by
BLUE FOREST REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$56,980
Estimated Monthly Payment
$1,400
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,400/mo (20% down, 5.5%)
Taxes: $195/mo · Insurance: $71/mo
Estimates only. Consult a financial advisor.
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