226 Wellington St W - Office/Residential FOR SALE


Chatham, ON N7M 1J6
$649,000 CAD
519-352-2840

NO PHOTO

$649,000 CAD
Office/Residential - FOR SALE
null | Request Cap Rate

226 Wellington St W
Chatham, ON N7M 1J6


HIGHLIGHTS

  • he commercial unit consists of a welcoming reception area, multiple offices, examination rooms equipped with sinks, a kitchenette, and two washrooms.
  • This well-maintained building features two residential units, both currently rented at $1450.00
  • The seller may consider a vendor take-back mortgage for qualified purchasers, adding further appeal to this rare offering.

OVERVIEW

SELLER MOTIVATED! The possibilities are endless with this exceptional high-visibility corner property offering a unique blend of residential and commercial income potential. This well-maintained building features two residential units, both currently rented at $1450.00 ($200.00 of this amount is for utilities) per month inclusive and $1200.00 per month inclusive, providing immediate income, along with a vacant main-floor commercial space ready for an owner-occupier or investor. The commercial unit consists of a welcoming reception area, multiple offices, examination rooms equipped with sinks, a kitchenette, and two washrooms, making it ideal for medical, professional, or service-based uses, comprising of approx. 1716 square feet. The flexible layout also presents the potential to create additional rental units, subject to any required approvals. Laundry facilities are conveniently located in the basement, and the property offers ample on-site parking for tenants, clients, and visitors. Centrally located close to the downtown core and within walking distance to shopping, restaurants, services, and other amenities, this property is in excellent condition and represents an outstanding value and investment opportunity. The seller may consider a vendor take-back mortgage for qualified purchasers, adding further appeal to this rare offering.

FOR SALE DETAILS

PRICE

$649,000 CAD

PRICE/SF

$246 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Annita ZimmermanRe/Max Chatham-Kent Realty Inc.More Info
519-352-2840

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Annita ZimmermanRe/Max Chatham-Kent Realty Inc.More Info
519-352-2840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.