22 CROSS STREET

Chatham, , N7M2L1, Canada

$369,000

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!

Virtual Tour: https://youtu.be/5fLBVyYX0bM

Last updated on : Tuesday 27th of January 2026 01:35:38 PM

ADDRESS

Street : 22 CROSS STREET

City : Chatham

Country : Canada

Postal Code : N7M2L1

Open in Google Map

PROPERTY SUMMARY

Property ID : 26001855

Building Type : Duplex

Property Type : Multi-family

Parking Type: Other

Similar Properties

Multi-family

1501-03 ELSMERE

Windsor, Ontario, N8X4H2

$549,000

property Type: Duplex

type: Sale

CHRISTIAN CONCIATORI
5 hours ago

DETAILS

Multi-family

169 CHRISTINA STREET SOUTH SOUTH

Sarnia, Ontario, N7T2M9

$450,000

property Type: Duplex

type: Sale

COURTNEY LEVERT
5 hours ago

DETAILS

Multi-family

201 GRAND AVENUE WEST WEST

Chatham, Ontario, N7L1C2

$359,000

property Type: Triplex

type: Sale

MO ELKADRI
5 hours ago

DETAILS

Multi-family

143 MARCONI COURT

London East (East A), Ontario, N5V0C9

$1,465,000

Beds: 8Baths: 9

property Type: Fourplex

type: Sale

MINH TRAN
2 weeks ago

DETAILS

Multi-family

37/39 KIRK STREET

Chatham, Ontario, N7M2P7

$199,900

property Type: Duplex

type: Sale

CANDICE OLIVEIRA
5 hours ago

DETAILS

Inquire about this property