$ 498.900

152 154 158 162 Colborne Street, Chatham

  • Bedrooms: 5
  • Bathrooms: 3
  • Type: Residential
  • Added: 13 days ago
  • Updated: 10 days ago
  • Last Checked: 9 hours ago
INVESTOR'S DREAM - SET YOUR OWN RENTS! This fully renovated, **completely vacant** legal triplex includes two 2-bedroom units and one 1-bedroom unit, each with separate furnaces, water heaters, and electrical meters for tenant independence. City-approved and to code, it boasts all-new electrical, plumbing, drywall, flooring, windows, doors, siding, and roof. The identical 2 bedroom units could rent at approx. $1900/mth each, 1 bedroom unit $1400/mth. With two double driveways and two extra parcels of land (see picture), there’s ample parking and room for future potential. Backing onto McGregor’s Creek, this property combines rental income potential with scenic appeal—an exceptional, high-quality investment opportunity in a prime location! Seller will consider adding adding all appliances to each to unit for the right prcie to make this a true turnkey investment. Seller will also hold vendor takeback loan for up to 200K. Add attached schedule B to all offers. (id:1945)
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Property DetailsKey information about 152 154 158 162 Colborne Street

  • Heating: Forced air, Natural gas, Furnace
  • Stories: 2
  • Structure Type: House
  • Exterior Features: Aluminum/Vinyl
  • Foundation Details: Block
  • Type: Triplex
  • Legal Status: Legal triplex
  • Vacancy Status: Completely vacant
  • Units: 2-bedroom units: 2, 1-bedroom unit: 1

Interior FeaturesDiscover the interior design and amenities

  • Flooring: Laminate
  • Bedrooms Total: 5
  • Furnaces: Separate for each unit
  • Water Heaters: Separate for each unit
  • Electrical Meters: Separate for each unit
  • Renovations: Fully renovated
  • New Features: Electrical, Plumbing, Drywall, Flooring, Windows, Doors

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 152 154 158 162 Colborne Street

  • Lot Features: Double width or more driveway, Gravel Driveway, Side Driveway
  • Lot Size Dimensions: 126.47XIRR
  • Waterfront Features: Waterfront on river
  • Siding: New
  • Roof: New
  • Driveways: Two double driveways
  • Extra Parcels: Two extra parcels of land
  • Potential Uses: Ample parking and room for future potential
  • Backyard: Backs onto McGregor's Creek

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold
  • Proximity: Prime location

Business & Leasing InformationCheck business and leasing options available at 152 154 158 162 Colborne Street

  • Rental Income Potential: Set your own rents

Property Management & AssociationFind out management and association details

  • Appliances: Seller will consider adding all appliances to each unit for the right price

Utilities & SystemsReview utilities and system installations

  • Furnaces: Separate for each unit
  • Water Heaters: Separate for each unit
  • Electrical Meters: Separate for each unit

Tax & Legal InformationGet tax and legal details applicable to 152 154 158 162 Colborne Street

  • Tax Year: 2024
  • Tax Annual Amount: 1666.22
  • Zoning Description: RL3
  • City Approval: City-approved and to code

Additional FeaturesExplore extra features and benefits

  • Investment Opportunity: Exceptional, high-quality investment opportunity
  • Vendor Takeback Loan: Seller will hold vendor takeback loan for up to 200K
Room Dimensions
Type Level Dimensions
4pc Bathroom Second level 4.11 x 9.3
Bedroom Main level 9.8 x 6.9
Living room Main level 15.11 x 25
Kitchen/Dining room Main level 15.4 x 11.4
4pc Bathroom Second level 9.2 x 4.1
Bedroom Second level 10.7 x 10.5
Bedroom Second level 13.1 x 12.2
Living room Main level 15.11 x 20.8
Bedroom Second level 12.2 x 12.2
Kitchen/Dining room Main level 7.2 x 4.5
Bedroom Main level x
Kitchen Main level x
Living room Main level x
4pc Bathroom Main level x
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members of The Canadian Real Estate Association

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Additional Information about 152 154 158 162 Colborne Street

This House at 152 154 158 162 Colborne Street Chatham, ON with MLS Number 24027054 listed by DANIELLE SIMARD - RE/MAX PREFERRED REALTY LTD. on Chatham market 13 days ago at $498,900

We have found 6 Houses that closely match the specifications of the property located at 152 154 158 162 Colborne Street with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 495,900 and 689,900.

The current price of the property is $498,900, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 15% down payment, the total amount borrowed would be $424,065. This would result in a monthly mortgage payment of $2,333 over a 25-year amortization period.

More Details?
DANIELLE SIMARD
  • DANIELLE SIMARD
  • RE/MAX PREFERRED REALTY LTD.
  • 519-476-1976
  • WebSite