22 Cross Street Chatham-Kent, Ontario N7M 1K5
$369,000
This investment property presents a compelling opportunity with strong potential returns. The current rents reflect two units: a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit at $1,750 plus utilities. With a list price of $369,000, the projected cap rate stands over a solid 10% after accounting for insurance and property taxes. Notably, the property is vacant and ready for new tenancy, allowing a new owner to present immediate occupancy without downtime. Typically, properties at this return level require substantial renovations; however, this property has been extensively updated. Electrical work is completely brand new, including complete rewiring, a separate meter and panel-based setup, updated overhead service, and all new electrical components. All ESA inspections have been completed, and the property is equipped with two water tanks, two furnaces, and two gas meters and two water meters. (id:53488)
Property Details
| MLS® Number | X12728000 |
| Property Type | Multi-family |
| Community Name | Chatham |
| Features | Sump Pump |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Unfinished |
| Basement Features | Separate Entrance |
| Basement Type | Partial, N/a (unfinished), N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 36 Ft ,8 In |
| Size Irregular | 36.7 X 100 Ft |
| Size Total Text | 36.7 X 100 Ft |
https://www.realtor.ca/real-estate/29288037/22-cross-street-chatham-kent-chatham-chatham
Contact Us
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Selena Nicholas
Salesperson
selenanicholas.com/
931 Oxford Street East
London, Ontario N5Y 3K1
(519) 649-1888
(519) 649-1888
www.soldbyblue.ca/
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January 25 2026 07:21:57
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.
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