218 QUEEN Street, Chatham - Industrial for Sale

218 QUEEN Street, Chatham, Ontario, N7M2H1

3,000 ft²10,890 sq ft (0.25 ac) lot sizeListed 55 days ago

Overview

This industrial property in Chatham is for sale offering roughly 3,000 sq ft of space. It has been on the market 55 days, fresher than the Chatham average of 76 days.

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Description

FULLY LEASED COMMERCIAL BUILDING CLOSE TO DOWNTOWN . THERE IS APPROX. 900 SQUARE FT OF RETAIL ON MAIN FLOOR CURRENTLY VACANT. THERE IS 2 UPPER APARTMENT RENTED . AND 1 RESIDENTIAL APARTMENTS AT BACK ON MAIN FLOOR BOTH ARE RENTED. THE BUILDING. THIS BUILDING COLLECTS $ 4,400.00 PER MONTH GROSS INCOME. 48 HRS NOTICE FOR SHOWINGS.CALL FOR YOUR PERSONAL SHOWING. (id:66096)

Property Details

MLS®: 26022201
Property Type: Industrial
Business Type: Residential
Zoning: COM W APAR
Interior Size: 3,000 ft²
Lot Size: 10,890 sq ft (0.25 ac)
Building Area: 3,000 ft²
Year Built: 1950
Heating: Forced air, Electric, Natural gas, Furnace
Cooling: Air Conditioned
Ownership: Freehold
Property Tax: $4,116/yr
Listed: 55 days ago

Market Timing

Days on market

55d

Chatham listings, avg age

76d

Price / ft²

$165

List price

$495K

Haho

This industrial in Chatham has been listed for 55 days, which is 21 days fresher than the city average of 76. Act while there is still low competition.

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Listed by REALTY CONNECTS INC. · RICHARD STRAIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7M)

This home lists at $495,000, about 7.0× the local median household income of $71,000.

Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 36% 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)

$495,000· $165/ft²

For sale

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Financing

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