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22 Cross STREET
Chatham Ontario N7M2L1 Canada

$369,000

Active Listing ID 26001855
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Multi-family

$369,000

Active Listing ID 26001855
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22 Cross STREET This investment property presents a compelling opportunity with strong potential returns. This property offers a one-bedroom unit with a projected rent of $1, 350 and a two-bedroom unit projected 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, two gas meters and two water meters. In summary, the property is move-in ready or ready for tenancy with existing high-return potential. What are you waiting for? Don't miss out on this amazing cash flow opportunity! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Central air conditioning
  • Exterior Finish: Aluminum/Vinyl
  • Floor Covering: Laminate, Cushion/Lino/Vinyl
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
Listing Changed: 2/1/2026 9:55:38 PM GMT
Source Updated Date: 2/5/2026 12:00:16 PM GMT

Courtesy of: RHONDA GREER, Sales Person, BLUE FOREST REALTY INC.