241 Grand Avenue E, Chatham-Kent

$1,200,000
241 Grand Avenue E

$1,200,000

New
18d
Investment

241 Grand Avenue E, Chatham-Kent

Total Monthly Obligation $6,340

Beds
0
Baths
0
Park
0
DOM
18d
Property Type-Investment
MLS® Number-X13873574
Beds-0
Lot Size-50.18 × 56.21 ft
Listed on site-Oct 5, 2026
Building Type-Investment
Taxes-$13,500 (2025)
Parking-None
Heating-Baseboard
Brokerage-EXP REALTY
Cooling-No
Fireplace-No
Pool-None
Possession-Flexible
Neighbourhood-Chatham
Title-Commercial

No agent assigned

Well-maintained mixed-use investment property on a corner lot along Grand Ave E in Chatham, offered together with an additional HC1-zoned lot. The building has ten units in total, with eight renovated residential suites and two street-front commercial spaces. Extensive updates have been completed over the years, including the roof, windows, siding, electrical, plumbing and water heater, along with renovated kitchens, washrooms and flooring throughout the residential units. Hydro is separately metered with tenants paying their own, and there is room to grow income over time. The additional lot currently serves as parking for the commercial units and offers potential for future development. A solid opportunity for investors looking for steady income with upside.

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Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$6,340/mo
Mortgage $4,840
Monthly Loss $5,067
Principal$1,274
Interest$3,567
Property Tax$1,125
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 241 Grand Avenue E

Time

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