241 Grand Avenue E Chatham-Kent, Ontario N7L 1W7

4,747 sqft
None Baseboard Heaters, Forced Air

$1,200,000

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:47351)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13873574
Property Type Multi-family
Community Name Chatham

Building

Appliances Dryer, Washer
Cooling Type None
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Size Exterior 4747 Sqft
Size Interior 4,747 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 56 Ft ,2 In
Size Frontage 50 Ft ,2 In
Size Irregular Bldg=50.18 X 56.21 Ft
Size Total Text Bldg=50.18 X 56.21 Ft
Zoning Description Hc1

https://www.realtor.ca/real-estate/30377403/241-grand-avenue-e-chatham-kent-chatham-chatham