Address
188 Park Street, Chatham, ON
Price
$ 449,900
Property Attributes
  • ID#40518489
  • TypeMulti-Family
  • CityChatham
  • AreaLondon and St Thomas
  • NeighbourhoodChatham
  • Postal CodeN7M 3R9
  • Style
  • Price$ 449,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3200
Data Source:
RLP - CREA EN
Property Description

Welcome to your next investment opportunity! This mixed-use gem boasts two thriving commercial units and three residential spaces on a prime corner lot. The convenience store is rented at $800 + gas/hydro and the other commercial space is zoned for a day care and is currently available for rent. Behind the commercial hustle, find a 1-bedroom residence on the main floor ready to make your own, while upstairs, there are two stylish 2-bedroom units one rented at $1200 + the other ready for a new tenant. This property is not just a space; it's a canvas for your entrepreneurial dreams. Recent upgrades, including a partial roof replacement, new flooring, kitchen, washrooms, and updated electric and plumbing, furnace, and AC, ensure a modern and appealing environment. But that's not all - seize the opportunity to expand your portfolio with the included lot and garage across the street at 185 Park St, offering RL3 zoning possibilities. Ready to turn potential into profit?

General Features

Zoning CC
Garage yes
Terms SALE
Parking yes
Inclusions None
Parking Spaces 3

Exterior Features

Lot Frontage 42.73

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N7M 3R9

Price
AVG $450K
$450K
Visits
AVG 143
187
Data Provided by Inside Real Estate®