Turnkey investment opportunity! Solid all-brick 1.5 storey duplex offering two separately metered units (gas & electricity) with strong income potential. The main floor features a 2 bedroom, 1 bath unit with spacious living and dining area, in-suite laundry, and a long-term tenant currently paying $800/month plus utilities. The upper unit offers a fully renovated 1 bedroom, 1 bath layout with living room, galley kitchen, and in-suite laundry. Currently rented at $800/month plus $250 utilities, with market rent potential of approximately $1,100/month.Both units have seen updates over the years. Main floor includes newer furnace and owned hot water tank. Property also features a newer roof. Ideal opportunity for investors looking to expand their portfolio or buyers looking to offset ownership costs with rental income. Separately metered services provide added convenience and flexibility. Opportunity also exists for buyers to assume vacant possession for personal use while leveraging income from the upper unit — a smart way to reduce expenses and save toward your next purchase. Call today to #lovewhereyoulive.
PROPERTY SPECS
Price $325,000
City Chatham, Ontario
Bed / Bath 3 / 2 Full
Address 215 Grand Avenue
Listing ID 26006843
Style 1 1/2 Storey
Construction Brick
Roof Asphalt Shingle
Flooring Ceramic or Porcelain, Cushion or Lino or Vinyl, Hardwood or Engineered Hrwd
Type Residential
Status For Sale
EXTENDED FEATURES
Attachment StyleDetachedSubtype1 1/2 StoreyDrivewayFront Drive, Gravel Drive, Rear DriveParkingNoneAmenitiesFenced YardOwnershipFreeholdRental EquipmentHot Water Tank (Owned)BasementCrawl SpaceBasement DevelopmentUnfinishedFoundationBrickHeating / CoolingCentral Air Conditioning, FurnaceHeating FuelNatural GasHot Water TankGasUtility WaterMunicipal WaterSewerSanitaryDate ListedApr 2, 2026