47 Sherman Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Blenheim. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $850,000 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.
- 12 Bedrooms and 8 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 82.3 x 147 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
Welcome to 47 Sherman Street in Chatham - a rare opportunity to acquire a legal, purpose-built four-unit residential income property. Whether you're an investor looking to expand your portfolio or a buyer seeking strong rental potential, this property offers both immediate income and significant upside. Comprised of four self-contained units, the building provides a solid multi-residential layout with one unit currently vacant - perfect for a buyer to renovate and set their own market rent. The remaining units offer existing tenancy, allowing for income while improvements are made over time. This is an ideal value-add opportunity. With strategic renovations and updates, there is clear upside potential to increase rental income and overall property value. Improve the units, optimize tenant quality, and lease at today's market rates to unlock the asset's full earning potential. Situated in a convenient Chatham location close to amenities, schools, and transit, this property is well-positioned for consistent rental demand. Whether you're looking to renovate, reposition, and maximize returns, or simply add a stablemulti-unit asset to your portfolio, 47 Sherman Street delivers on both flexibility and future growth.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
None
Security Features
Community Features
Location
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 47 Sherman Street, Chatham-Kent, ON N0P 1A0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Chatham-Kent.
Configure Loan Settings
About Purchasing a Home in Chatham-Kent, ON
For a property listed at $850,000 in Chatham-Kent, the legal minimum down payment is $60,000 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 $13,475 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 $13,475.
Nearby Listings
No current listings found in Chatham-Kent.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Blenheim, Chatham-Kent.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.