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.
Address
47 Sherman Street
List Price
$850,000
MLS® Status
New
Expiration Date
2026-07-17
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Chatham-Kent
Sub-Area
Blenheim
Bedrooms
8 + 4
Bedrooms (Total)
12
Rooms Above Grade
16
Bathrooms
8
Floor Area
2500-3000 Sq. Ft.
Lot Depth
147
Lot Size Units
Feet
Lot Width
82.3
Occupant Type
Tenant
Cross Street
Sherman/Chatham St N
MLS® Number
X13014756
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement Area
Partially Finished
Postal Code
N0P 1A0
Posession Details
ASAP
Parking
Available
Parking Places (Total)
12
Parking Spaces
12
Tax Amount
$5,836.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 9 & PT LTS 8 & 10, N SHERMAN & PT LTS 31, 32 & 33, S CATHCART ,PLAN 96, PT 1, 24R-1982 BLENHEIM
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 3.6 x 4.2 |