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Investment signal

$479,000

27 & 31 Wade STREET

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Beds

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Baths

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Sqft

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Year

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Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chatham. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Large, unique Victorian style gem in the heart of Chatham! Oversized double lot yard. Zoned RL3 it's perfect for large families, or investors, this property offers ample space inside and out. Currently generating an income of $4600 per month. Large sized second structure included and is great for multi personal uses or added rental income. (see end photos) 4 bedrooms, large dinning room and living room, 3 full 4pc bathrooms and 3 kitchens. Maintaining it's original character through-out with recent updates including new electrical 200amp 2024, plumbing 2023, furnace 2019, roof 2015, washrooms/showers 2024. (all dates aprox) Buyer to verify all information regarding future use and authorization. Being sold 'as is'. (id:65958)

Subtype: Multi-family
Structure: Triplex
Common interest: Freehold
Lot dimensions: X / 0.341 AC
Stories: 2
On market: Mar 20, 2026
Status changed: Apr 14, 2026
Annual tax: $4,950 (2025)
Zoning: RL3
Photos: 42
MLS#: 26005804
Area: CHATHAM

Features and systems

Parking

Other

Heating

Forced airNatural gas

Exterior

Brick

Flooring

HardwoodOther

Foundation

Concrete

Negative cash flow ~$560/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-7.01%

Cap rate

3.46%

GRM

16.6

Break-even rent

$2,989

Financing

Down payment$95,800

Loan amount$383,200

Mortgage$1,942/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$220

Insurance$80

Maintenance$399

CapEx reserve$200

Vacancy loss$120

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

Estimated $1,942/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.