Description

Well maintained 2 STOREY COMMERCIAL PROPERTY IN PRIME LOCATION with 2 full baths, full kitchen, laundry, multiple offices and enclosed back porch. Basement offers extra storage. Plenty of parking on site and single car garage detached garage. Showing requests require 48 hour advance to respect tenant notice. This property is being sold in **AS IS** condition. Current rental income approximately $3000/month. (id:66096)

Property Details

MLS®: 26019396
Property Type: Industrial
Business Type: Industrial
Zoning: HC1
Lot Size: 7,623 sq ft (0.17 ac)
Year Built: 1950
Heating: Forced air, Natural gas, Furnace
Cooling: Air Conditioned
Ownership: Freehold
Property Tax: $5,291.21/yr
Listed: 86 days ago

Market Timing

Days on market

86d

Chatham listings, avg age

77d

List price

$400K

Haho

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Area context

Neighbourhood profile (N7M)

This home lists at $399,900, about 5.6× the local median household income of $71,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$399,900

For sale

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Financing

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39 Richmond Street, Chatham - Industrial for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (N7M)

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