$374,999
217 CREEK STREET
Beds
5
Baths
3
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chatham-Kent (Wallaceburg). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare flexible opportunity in a high-traffic location near downtown Wallaceburg, approx. 1,738 sq ft. This corner-lot property offers excellent exposure multiple private entrances and strong live/rent/business potential. Property features three functional areas: Unit 1 is a ground-level private corner room with separate entrance, attached washroom and private parking, ideal for private room rental, guest suite, home office or part of the main house. The middle residential portion is a spacious custom-style home with 4 bedrooms upstairs, separate living/dining areas, bright eat-in kitchen with large windows and a spacious bathroom with double sink vanity and storage. The 4th room is currently used as laundry and can be relocated as per buyer preference. Unit 3 is the commercial-style unit with its own washroom, recently added shower and laundry, creating strong potential for a small business or flexible- use space. Commercial unit is ideal for a much-needed business in this area such as coffee shop, bakery, café, pizza shop/Pizza Pizza-style franchise, takeout, fish & chips, retail, office, beauty/personal service or similar use. Buyer may live in the main house, rent Unit 1/private room and operate or lease Unit 3 for extra income. Recent upgrades include new flooring in the middle house, shower/washroom improvements in Unit 1, newly added shower/laundry in Unit 3 and newer furnace/AC HVAC system valued at approx. $12,500. Five total parking spaces on both sides: one private space for Unit 1 and four side spaces. Residential parts/units are fully furnished and on Airbnb with income potential $4,000+ per month. Commercial income depends on business and can potentially be $10,000+. Close to Sydenham River, marinas, boating, fishing, outdoor recreation, and approx. 12 min drive to Walpole Island and Walpole-Algonac Ferry to Michigan, USA. Garden shed for storage, lower property tax, immediate possession available. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- Wallaceburg
- Lot dimensions
- 66 x 50 FT
- Bedrooms
- 5 above grade
- Parking
- 4 total
- Stories
- 1.5
- On market
- Apr 27, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $2,000
- Photos
- 43
- MLS#
- X13048896
- Area
- CHATHAM-KENT_(WALLACEBURG)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Utilities
Cash on cash
14.31%
Cap rate
7.73%
GRM
9.5
Break-even rent
$2,359
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.