561 Park Avenue,Chatham, ON N7M1X1
Chatham, ON N7M1X1
Description
Attention Investors & Owner-Operators - Don't Miss This Exceptional Opportunity! This solid two-storey mixed-use building offers the perfect blend of business ownership and investment income. Featuring approximately 2,400 sq. ft. of vacant commercial space on the main floor, this property is ideal for an owner-operator or a wide range of commercial uses, supported by favourable zoning. The upper level includes two separate two-bedroom residential units - one currently tenanted at $1,200/month, while the second unit is vacant and market-ready with an estimated rent of $1,500/month, offering immediate upside. Situated on an extra-large lot approximately 200 feet deep, the property provides ample on-site parking and exceptional future development or expansion potential, this is a rare, flexible asset well-suited for investors looking to maximize returns or owner-operators seeking to offset operating costs with rental income. (id:13843)
Details
| MLS # | 26010585 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 162 |
| Listing Provided By | JUMP REALTY INC. | EMAD ALASI |
Features
| SQ Feet | 3,800 |
|---|---|
| Zoning | COMM |
Interior
| Fireplace Yes / No | No |
|---|
Taxes
| Tax Year | 2025 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Chatham |
| Postal Code | N7M1X1 |
| Listing VS Median (in N7M1X1) | |
Price: $492,000 low | high Med: $492,000 sqft: 3,800 low | high Med: 3,800 $ / sqft: $129 low | high Med: $129 On site: 162 low | high Med: 162 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Chatham |
| Postal Code | N7M1X1 |
| Listing VS Median (in N7M1X1) | |
Price: $492,000 low | high Med: $492,000 sqft: 3,800 low | high Med: 3,800 $ / sqft: $129 low | high Med: $129 On site: 162 low | high Med: 162 | |
