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$ 179,900
Est. payment /mo
Price Dropped by $20K
320 Lafontaine ST Chatham-kent, ON N8A 4H9
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Wallaceburg
MLS Listing ID X12599582
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $1,657
Tax Year 2024
Property Sub-Type Duplex
Property Description
For more info on this property, please click the Brochure button. This vacant 2-bed/1-bath + 1-bed/1-bath duplex in a great neighborhood in Wallaceburg, Ontario presents a strong value-add investment opportunity with clear upside. The property is well-suited for an investor looking to complete moderate renovations, lease both units, and refinance to recover most, if not all, of their initial capital. Each unit is separately metered, allowing for efficient expense control and improved cash flow. Located in a high-demand rental area, this duplex benefits from solid tenant demand and long-term rental stability. Once cleaned up and stabilized, the property is projected to generate attractive cash flow, making it an excellent option for investors seeking forced appreciation and scalable returns in a growing rental market.
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 2
Interior
Interior Features Primary Bedroom - Main Floor, Storage, Water Heater
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Available
Pool None
Roof Type Shingles
Lot Frontage 50.0
Lot Depth 100.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
ParcelsYN No
Listed by EASY LIST REALTY LTD.