41 WOODS STREET, Chatham

$329,900

For sale: Detached

Property type

Single Family

Bedrooms / bathrooms

5 bedrooms, 2 bathrooms

Year built

Built in 1900

MLS®

MLS® 26019424

Legal duplex for sale in Chatham, Ontario, listed at $329,900 with two separate income units. 41 Woods Street offers a two bedroom, one bathroom unit and a three bedroom, one bathroom unit on one property, five bedrooms and two full living spaces in total. The two bedroom unit is owner occupied and shows by appointment. The three bedroom unit is vacant and recently received cosmetic updates, ready for a new tenant or immediate move in. Projected rental income is approximately $1,700 per month for the two bedroom unit and approximately $1,900 per month for the three bedroom unit, for a potential gross of roughly $3,600 monthly. Both units have their own kitchen and living space, and the units are separately metered, so tenants carry their own utilities. Heating is a gas furnace with ductless cooling. A double driveway gives both units their own parking, and the fully fenced backyard includes storage space and a front porch. This Chatham Kent duplex works for investors building rental income, house hackers looking to offset a mortgage from day one, or multigenerational families who want separate units on one property. In a north side Chatham neighbourhood with steady rental demand.