Description

**Income opportunity!!**Multi unit property in PRIME LOCATION currently divided into 2 residential rental units. Plenty of parking is offered on site and with a list of possible zoning uses, this property might just suit whatever you may have in mind! Come and see for yourself;) Showing requests require 48 hours advance to respect tenant notification. Property being sol din **AS IS** condition. Current rental income approximately $1900/month. (id:66096)

Property Details

MLS®: 26019389
Property Type: Industrial
Business Type: Residential
Zoning: HC2
Lot Size: 3,833 sq ft
Year Built: 1920
Ownership: Freehold
Property Tax: $2,247.96/yr
Listed: 86 days ago

Market Timing

Days on market

86d

Chatham listings, avg age

76d

List price

$395K

Haho

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Area context

Neighbourhood profile (N7L)

This home lists at $395,000, about 5.8× the local median household income of $68,500.

Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income: $68,500
Population: 25,127
Median age: 47.2
Owner / renter: 66% / 34%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N7L)

$395,000

For sale

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Financing

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274 St Clair Street, Chatham - Industrial for Sale