241 Grand Avenue East

Chatham-Kent, ONMulti-family
$1,200,000
MLS® X13873574
Multi-family[object Object]
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About This Property

Well-maintained mixed-use investment property on a corner lot along Grand Ave E in Chatham, offered together with an additional HC1-zoned lot. The building has ten units in total, with eight renovated residential suites and two street-front commercial spaces. Extensive updates have been completed over the years, including the roof, windows, siding, electrical, plumbing and water heater, along with renovated kitchens, washrooms and flooring throughout the residential units. Hydro is separately metered with tenants paying their own, and there is room to grow income over time. The additional lot currently serves as parking for the commercial units and offers potential for future development. A solid opportunity for investors looking for steady income with upside. Full information package available on request. (id:63604)

Key Facts

Type
Multi-family
Size
4,747 sqft
Lot
Bldg=50.18 x 56.21 FT

Highlights

  • Washer
  • Dryer
Property Details 11 details
Living area
4,747 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Baseboard heaters, Forced air, Natural gas
Fireplace
No
Lot dimensions
Bldg=50.18 x 56.21 FT
Frontage
50.20 feet
Taxes
$13,500.00
Zoning
HC1
Water source
Municipal water

Interior features

WasherDryer
Mortgage & Affordability Estimate monthly costs
Purchase price$1,200,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Chatham
City
Chatham-Kent
Postal code
N7L 1W7
Nearby
Cross Streets: Grand Ave E & Van Allen Ave. ** Directions: Going North on Communication Rd, take a left.