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22 CROSS STREET, Chatham-Kent (Chatham), Ontario, N7M 1K5

MLS® # X12728000
Investment For Sale In Chatham, Chatham-Kent (Chatham), Ontario
$369,000
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Bathroom
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor With Exterior
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Bathroom
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Bathroom
22 Cross Street, Chatham-Kent (Chatham), ON - Outdoor With Exterior
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
22 Cross Street, Chatham-Kent (Chatham), ON - Indoor Photo Showing Bathroom
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22 CROSS STREET, Chatham-Kent (Chatham), Ontario, N7M 1K5
$369,000

Property Information:

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:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Architectural Style: Bungalow
  • Basement Development: Unfinished
  • Basement Type: Partial, N/A, N/A
  • Exterior Finish: Vinyl siding
  • Fireplace: Yes
  • Floor Space: 1100 - 1500 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Features: Sump Pump
  • Floor Space (approx): 1100 - 1500 Square Feet
  • Irregular: Yes
  • Lot Depth: 100 Feet
  • Lot Frontage: 36.7 Feet
  • Lot Size: 36.7 x 100 FT
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 2

Courtesy of: BLUE FOREST REALTY INC.

REALTOR.ca  

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Market Price Trends

Single family detached

1.56%

Price change (1 year)

39.95%

Price change (5 years)

All Properties

1.56%

Price change (1 year)

39.95%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 22 CROSS STREET, Chatham-Kent (Chatham), Ontario, N7M 1K5

Demographic Information of 22 CROSS STREET, Chatham-Kent (Chatham), Ontario, N7M 1K5

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 %

Own Vs. Rent

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