85-89 King St W - Apartments FOR SALE


Chatham, ON N7M 1C7
$675,000 CAD
519-242-0277

NO PHOTO

$675,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

85-89 King St W
Chatham, ON N7M 1C7


OVERVIEW

An exciting investment and redevelopment opportunity in the heart of downtown Chatham! This solid, three-storey commercial building features two main-floor retail units with potential to reconfigure for a third storefront—ideal for maximizing rental income and street presence. The two upper floors offer generous square footage and are currently vacant, presenting a blank canvas for residential conversion for 6-8 units. With demand for downtown living on the rise, this property is perfectly positioned for apartment development or mixed-use expansion. Gross rent is $4380.00 for two commercial units. Seller may consider VTB options for a qualified buyer.

FOR SALE DETAILS

PRICE

$675,000 CAD

PRICE/SF

$72 CAD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

365042002805200

ASK ABOUT THIS PROPERTY

Corry Van IerselThe Vancor GroupMore Info
519-242-0277

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

Corry Van IerselThe Vancor GroupMore Info
519-242-0277

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