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.
This Investment located at 77 Erie Street S, Chatham-Kent, ON N0P 2C0 is currently for sale and has been available at Kash Invest for 4 days. This property, in the city of Chatham-Kent and Ridgetown neighborhood, is listed at $1,890,000 with an estimated mortgage of $8,839* per month. It has an area of 119.46x355 sqft with 0 beds and 17 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.