102 Gray Street
Chatham-Kent, Chatham-Kent, N7M 1S9
FOR SALE
$429,999
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6
BEDROOMS 2
BATHROOMS 2
KITCHENS 10
ROOMS X13468026
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Property Description
Attention All Investors or End Users!! Whether you are an investor looking for a high yield property, or a family seeking an ideal multi-generational setup this versatile layout with 2 kitchens is ready to deliver. Legal Duplex on a Beautiful Deep Lot in a Desirable Family Friendly Neighborhood, Both Units are Fully Occupied with month to month Tenants Buyer can assume or get a vacant possession, This Duplex has Front Side By Side Main Entrances, Offers Long Driveway, Gas Meter, 2 Separate Hydro Meters, and Main level Unit has a Covered Front Verandah, Large Living Rooms, Eat-In Kitchens, 3 Bedrooms Up in Each Unit, 1 Bath in Each Unit, Live in One Side and Rent the Other, Rent Both or Use the Entire Structure for Yourself! Short Walk To All Amenities, Easy Commute to the City. All Interior Pictures were taken prior to Tenants taking Possession.
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Property Features
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School, Carpet Free, Separate Hydro Meter, Private
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Property Details
Address
102 Gray Street
Community
City
Postal Code
N7M 1S9
Property Type
Duplex, Duplex
Lot Size
54' x 122'
Taxes
$3,100 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Cityscape Real Estate Ltd.
Turnkey Duplex Opportunity!Discover this fully converted duplex situated on an impressive approximately -acre lot in a desirable neighbourhood in Ridgetown. Extensively renovated in 2022, this low-maintenance property is an excellent opportunity for investors and owner-occupants alike.The duplex features two spacious rental units generating a combined $3,520 per month in rental income. The front unit rents for $1,725/month (all-inclusive), while the rear unit rents for $1,795/month, with the tenant responsible for their own gas service.Designed with tenant appeal in mind, each unit enjoys its own private backyard space, offering added privacy and outdoor living that's rarely found in duplex properties. The generous lot also provides ample parking and plenty of room to enjoy.With extensive updates already completed and reliable rental income in place, this property offers a seamless investment opportunity from the day you take possession. Whether you're expanding your investment portfolio or searching for your first home, this property also presents an excellent house-hacking opportunity-live in one unit while the rental income from the other helps offset your mortgage and monthly expenses.Don't miss this opportunity to own a fully renovated income property with exceptional flexibility, offering the potential to generate income from day one while building long-term wealth.Please provide 24 hour notice on all showings.
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