Property Information:

This investment property presents a compelling opportunity with strong potential returns. This property offers a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit projected 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, two gas meters and two water meters. In summary, the property is move-in ready or ready for tenancy with existing high-return potential. What are you waiting for? Don't miss out on this amazing cash flow opportunity! (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Exterior Finish:
Flooring Type: Laminate
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Irregular: Yes
Lot Size: X / 0.086 AC
Zoning: UC(CBD)
Parking Type: Other
No. of Parking Spaces: 2

Rooms:

Utility Basement Level 19 ft ,1 in x Measurements not available
Kitchen Main Level Measurements not available
Bathroom Main Level 7 ft ,8 in x Measurements not available
Bedroom Main Level Measurements not available
Dining Main Level Measurements not available x 9 ft ,10 in
Living Main Level 12 ft ,1 in x Measurements not available
Foyer Main Level 6 ft ,5 in x Measurements not available
Bedroom Main Level Measurements not available
Kitchen Main Level Measurements not available
Laundry Main Level 7 ft ,5 in x Measurements not available
Bathroom Main Level Measurements not available
Dining Main Level Measurements not available
Living Main Level Measurements not available
Bedroom Main Level Measurements not available x 9 ft ,4 in

Courtesy of: BLUE FOREST REALTY INC.

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Demographic Information of 22 Cross STREET, Chatham, Ontario, N7M 2L1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$76,932.61

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.72 %

High school certificate or equivalent

39.56 %

Apprenticeship trade certificate/diploma

3.84 %

College/non-university certificate

20.01 %

University certificate (below bachelor)

0.07 %

University Degree

9.8 %

Commuter

Travel To Work

By Car

85.72 %

By Public Transit

0.67 %

By Walking

9.51 %

By Bicycle

0.0 %

By Other Methods

4.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.98 %

Houses

53.02 %

22 Cross STREET, Chatham, Ontario, N7M 2L1