47 Sherman Street

About This Property

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.