Investment signal

$199,900

37/39 Kirk STREET

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Beds

—

Baths

—

Sqft

—

Year

1850

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

Centrally located side-by-side duplex within walking distance to schools, shopping, parks, and everyday amenities. Each unit offers a spacious layout featuring a living room, dining room, bathroom, and two bedrooms on the upper level. Both units are currently rented to long-term tenants, providing stable and immediate rental income. Steel roof, adds long-term value and reduced maintenance costs. Unit #37 rents for $630 per month plus utilities, while Unit #39 rents for $854 per month inclusive. Also included in the sale is a 30’ x 58’ residential lot located to the east of the duplex, as shown in the photos. The additional lot is zoned RL3 and may offer future development potential (buyer to verify), PIN #005040159. An excellent opportunity to add to your investment portfolio or for first-time investors looking to enter the market. (id:65958)

Subtype: Multi-family
Structure: Duplex
Common interest: Freehold
Lot dimensions: X / 0.1 AC
Stories: 2
On market: Jan 27, 2026
Status changed: Apr 28, 2026
Annual tax: $2,457.02 (2025)
Zoning: RL3
Photos: 1
MLS#: 26001775
Area: CHATHAM

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Exterior

Aluminum/Vinyl

Flooring

Other

Foundation

Block

Positive cash flow ~$1,048/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

31.46%

Cap rate

11.16%

GRM

6.9

Break-even rent

$1,297

Financing

Down payment$39,980

Loan amount$159,920

Mortgage$810/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92

Insurance$80

Maintenance$167

CapEx reserve$83

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 $810/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 28, 2026.