561 PARK Avenue, Chatham, Ontario, N7M1X1




$492,000
Chatham
This industrial property in Chatham is for sale offering roughly 3,800 sq ft of space.
Attention Investors & Owner-Operators — Don’t Miss This Exceptional Opportunity! This solid two-storey mixed-use building offers the perfect blend of business ownership and investment income. Featuring approximately 2,400 sq. ft. of vacant commercial space on the main floor, this property is ideal for an owner-operator or a wide range of commercial uses, supported by favourable zoning. The upper level includes two separate two-bedroom residential units — one currently tenanted at $1,200/month, while the second unit is vacant and market-ready with an estimated rent of $1,500/month, offering immediate upside. Situated on an extra-large lot approximately 200 feet deep, the property provides ample on-site parking and exceptional future development or expansion potential, this is a rare, flexible asset well-suited for investors looking to maximize returns or owner-operators seeking to offset operating costs with rental income. (id:66096)
Long Listed: 174 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 $492,000, about 6.9× the local median household income of $71,000.
Carrying it typically needs a household income of about $96,105 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.
Source: Statistics Canada, 2021 Census (FSA N7M)
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