185 Thames Street, Chatham, Ontario N7L2Z3

Property Description

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! (id:5764)