46-48 Wellington Street, Chatham-Kent, ON
Property no longer active
This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Chatham. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $480,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 55.6 x 67.98 ft lot
- 5.0 total parking spaces available
- Notable attributes: On Demand Water Heater, Separate Heating Controls
- equipped with other central cooling and highly efficient heat pump heating via electric
Description
Cash flowing triplex for sale just steps from downtown Chatham. Recently renovated in 2022, this property features 2 two-bedroom units and 1 one-bedroom unit, each with separate heating, electrical, and in-suite laundry. Modern finishes include quartz countertops, dishwashers, tiled showers, and LED lighting. Landlord covers gas (on-demand tank Only) and water. Total yearly rent is $50,040 (NOI $40,311). 5 parking spaces. Neighboring 4-plex also for sale, potential for CMHC financing. See documents for full income & expense report.
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Property Summary
This triplex located at 46-48 Wellington Street, Chatham-Kent is currently for sale and has been available on SousaSells for 281 days. This property is listed at $480,000 with an estimated mortgage of $1,598* per month. It has 5 beds, 3 bathrooms, and is 2500-3000 square feet. 46-48 Wellington Street, Chatham-Kent is in the Chatham neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Parking & Garage
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Interior Features
On Demand Water Heater, Separate Heating Controls
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 46-48 Wellington Street E, Chatham-Kent, ON N7M 3N9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $480,000 in Chatham-Kent, the legal minimum down payment is $24,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,075 for this transaction. As this listing is in Chatham-Kent (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,075.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.