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131 MARGARET AVENUE, Chatham-Kent, Ontario, N8A 2A2

MLS® # X8185378
Investment For Sale In Wallaceburg, Chatham-Kent, Ontario
$699,900
131 Margaret Avenue, Chatham-Kent, ON - Outdoor With Facade
131 Margaret Avenue, Chatham-Kent, ON - Outdoor
131 Margaret Avenue, Chatham-Kent, ON - Outdoor
131 Margaret Avenue, Chatham-Kent, ON - Outdoor With Exterior
131 Margaret Avenue, Chatham-Kent, ON - Outdoor
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen With Upgraded Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Living Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bedroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
131 Margaret Avenue, Chatham-Kent, ON  - Outdoor With Facade
131 Margaret Avenue, Chatham-Kent, ON  - Outdoor
131 Margaret Avenue, Chatham-Kent, ON  - Outdoor
131 Margaret Avenue, Chatham-Kent, ON  - Outdoor With Exterior
131 Margaret Avenue, Chatham-Kent, ON - Outdoor
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen With Upgraded Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Living Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bedroom
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Other Room
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen
131 Margaret Avenue, Chatham-Kent, ON - Indoor Photo Showing Bathroom
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131 MARGARET AVENUE, Chatham-Kent, Ontario, N8A 2A2
$699,900

Property Information:

Value Add Opportunity! 6 units in the heart of Wallaceburg. 131 Margaret Ave is situated across from the Sydenham River with river views from the upper units. 3 units have been recently renovated from top to bottom allowing you to receive market rents while you renovate others. There is significant upside to be had! A lot of expensive updates have been done already including a brand new roof and sheeting, ductless heat/AC in renovated units, new kitchens with stainless steel appliances, new bathrooms, LVP flooring and extensive brick work. 7 panels and meters allow for tenants to pay for their own hydro separately. 3 units are in need of a renovation (1 vacant, 2 tenanted). Gas expenses can be reduced or eliminated with adding ductless heat/AC to unrenovated units. Priced to sell! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Amenities: Separate Heating Controls
  • Basement Type: Crawl space
  • Exterior Finish: Brick, Vinyl siding
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Wall unit

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 6
  • Irregular: Yes
  • Lot Size: 70 x 108 FT
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 4

Rooms:

  • Kitchen 2nd Level 3.50 m x 3.50 m

Convert Measurement to:

Courtesy of: REAL BROKER ONTARIO LTD

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Location of 131 MARGARET AVENUE, Chatham-Kent, Ontario, N8A 2A2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

33 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

33 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 131 MARGARET AVENUE , experiences 7 hot days per year at around 32.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 35.8 degrees Celsius.

Projected Avg. Temperature

Past
32.3℃
2050
35.8℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

13 storms expected in 2050

56/100

High

ClimateCheck®

Current data

This property, 131 MARGARET AVENUE , experiences 11 significant 2-day storms per year, with about 295.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 366.1mm of precipitation per year.

Precipitation Per Storm

Past
295.4mm
2050
366.1mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 131 MARGARET AVENUE, Chatham-Kent, Ontario, N8A 2A2

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$91,758.98

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.11 %

High school certificate or equivalent

31.38 %

Apprenticeship trade certificate/diploma

10.13 %

College/non-university certificate

29.4 %

University Degree

4.98 %

Commuter

Travel To Work

By Car

91.62 %

By Public Transit

0.0 %

By Walking

3.22 %

By Bicycle

0.0 %

By Other Methods

5.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

22.4 %

Houses

77.6 %

Own Vs. Rent