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$1,200,000
Chatham-Kent
241 Grand Avenue East, Chatham-Kent (Chatham), Ontario, N7L1W7
This multi-family property in Chatham-Kent is for sale offering roughly 4,747 sq ft of space. It has been on the market 28 days, fresher than the Chatham-Kent average of 90 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 90 days across the listings currently for sale in this city
This multi-family in Chatham-Kent (Chatham) has been listed for 28 days, which is 62 days fresher than the city average of 90. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,200,000, about 17.5× the local median household income of $68,500.
Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 242% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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