Investment · For sale

77 Erie Street S, Chatham-Kent

$1,890,000

Listing brokerage: BLUE FOREST REALTY INC. · MLS® X14119516

Listing brokerage

BLUE FOREST REALTY INC.

Type

Investment

Deal

For sale

Category

Commercial · Investment and multi-residential

Size

1.188 sq ft

Lot

119.46 x 355 ft

Area

Ridgetown

MLS® number

X14119516

Description

Located near the University of Guelph, Ridgetown Campus, home to one of the province's leading Vet Tech programs, this property is a regularly fully occupied student rental generating over $200,000 in gross annual revenue. The property features two separate buildings with a total of 18 rental units, offering a unique combination of income, flexibility, and strong rental demand. The main building features 10 bachelor units, each with its own 3-piece bathroom and kitchenette, along with one 1-bedroom unit and a spacious 2-bedroom unit. The second building offers 5 full bathrooms and 6 individual bedrooms. This property also offers ample parking, 6 washer/dryer stations, FOB entry, and a full-size common kitchen. With strong student demand, excellent rental income, and a versatile layout, this is a fantastic opportunity for an investor looking for a turn-key, income-producing property.