145 Queen Street Northeast, Chatham - Business for Sale
145 Queen Street Northeast, Chatham, Ontario, N7M2G7
Description
Opportunity to purchase established dry cleaning and laundry business (101years with same family ownership). Company operates from original location. It provides a range of cleaning services, dry cleaning, wet cleaning, laundry, alternations and some suede and leather cleaning - residential and commercial customers. Sales revenues grew in each of the past few years. New ownership can continue repositioning the company to become a regional textile care center - garments, textiles and restoration specialists. Company has a 5,000 sq ft building on 0.171 acres. Parking lot paved with 4-5 parking spaces. Loading Bay - Site zoned UC (CBD). There is a 600-volt electrical service mostly stepped down to 240 volt three phase. There is also a 240 volt single phase line. There are two high pressure steam boilers powered by natural gas, one at 15 hp and the other at 25 hp. Roof is metal and sprayed with an annual maintenance contract. Outside of building was painted in 2025. Additional information available to qualified buyers with a signed NDA. (id:66096)
Property Details
- MLS®
- 26014715
- Property Type
- Business
- Zoning
- UC (CBD)
- Lot Size
- 7,405 sq ft (0.17 ac)
- Year Built
- 1924
- Ownership
- Freehold
- Listed
- 136 days ago
Features
- Flooring
- Concrete, Ceramic/Porcelain
- Foundation
- Block, Concrete
- Exterior
- Steel, Concrete, Brick
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 136 days on market, against an average age of 76 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N7M)
This home lists at $750,000, about 10.6× the local median household income of $71,000.
Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.
- Median household income
- $71,000
- Population
- 25,579
- Median age
- 44
- Owner / renter
- 67% / 33%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N7M)
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$750,000
Chatham