PROFITABLE MULTI-FAMILY PROPERTY IN CHATHAM, ON - 10 UNITS, LOW MAINTENANCE, GREAT LOCATION!

About 149 Raleigh Street:

Welcome to this stunning multi-family property, located in the heart of Chatham, Ontario, Canada. This magnificent property is perfect for investors looking for a profitable and low-maintenance asset. With a total of 10 units, this building is a great opportunity to earn a steady income in the real estate market.

Built in 2012, this freehold property is in excellent condition and has been well-maintained over the years. The exterior of the building is finished with durable aluminum/vinyl, which not only looks great but also requires minimal upkeep. The property occupies a generous land size of 1-3 acres, which provides ample space for parking and outdoor activities.

As you step inside, the laminate flooring and cushioned vinyl give the units a modern and sleek look. Each unit is fitted with baseboard heaters and forced air systems, powered by either electric or natural gas, to keep the tenants comfortable throughout the year. The building is also equipped with central air conditioning, providing a cool and refreshing environment during the hot summer months.

The building has a parking capacity of up to 11 vehicles, which is more than sufficient for tenants and their guests. The property is also conveniently located near public transportation, making it easy for tenants to commute to and from work or school.

This property is ideal for investors looking to expand their portfolio or for first-time investors looking to enter the real estate market. With a total of 10 units, the property has the potential to generate a steady flow of income while requiring minimal maintenance.

The annual property taxes for this property are $25,837 (CAD), which is a reasonable amount considering the number of units and the location of the property. The property is zoned RL3-1268, which allows for the development of multi-family dwellings.

Chatham is a thriving city in Ontario, Canada, known for its friendly community, vibrant downtown, and excellent amenities. The city has a rich history, and visitors can explore local museums, galleries, and historic sites. The city is also home to excellent schools, parks, and recreational facilities, making it an attractive destination for families.

In summary, this multi-family property in Chatham, Ontario, is an excellent investment opportunity for those looking to enter the real estate market or expand their portfolio. With a total of 10 units, the property is well-maintained and in excellent condition, making it a low-maintenance asset. The property is conveniently located near public transportation, schools, and recreational facilities, making it an attractive destination for tenants. Don't miss the opportunity to own this fantastic property and start earning a steady income today. Contact us to schedule a viewing and take the first step towards becoming a successful real estate investor.