



$899,000
Chatham
297 Grand Avenue East, Chatham, Ontario, N7L1W8
This industrial property in Chatham is for sale offering roughly 3,704 sq ft of space.
High traffic corner locations like this are hard to acquire in Chatham, especially with ample parking and high visibility. This purpose built retail store with residence above offers endless possibilities for a live/work arrangement or just multi-purpose investment. The main level is approx. 1900 sq ft and is operating as a leased variety store. Potential higher uses could be a restaurant, professional office, clinic among many others permitted in the zoning. The entire second level was built as a residence with three bedrooms, two bathrooms, laundry and large open concept living and kitchen area. The paved parking lot provides approx. 12 parking spots in the front with additional parking in the rear for staff/residence. Convenience store tenant occupies entire building. Take a serious look at this location with many recent multi-million dollar retail improvements around it. Traffic lights are currently being installed at this intersection, potentially increasing the visibility even more. Seller willing to negotiate VTB. (id:66096)
Long Listed: 221 days on market, against an average age of 76 days across the listings currently for sale in this city
This industrial in Chatham is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 13.1× the local median household income of $68,500.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 156% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7L)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →