Description

28,000 sq ft. gross bldg area with 26,612 sq ft. of rentable space - Two story vacant property with multiple paths forward - owner-user, healthcare operator, or developer/investor. Acquire substantial medical asset with existing infrastructure and 134 parking spaces. Two entrances, three staircases and an elevator. Site plan approval for another office building. Previous work for 43 residential unit condo conversion. Site in a high traffic area and has immense potential (id:66096)

Property Details

MLS®: 26024889
Property Type: Industrial
Zoning: UC (OS)
Lot Size: 1.76 acres
Year Built: 1977
Heating: Baseboard heaters, Natural gas
Cooling: Air Conditioned
Ownership: Freehold
Listed: 27 days ago

Features

Flooring: Laminate, Carpeted, Ceramic/Porcelain
Lot Features: Corner Site, Visual exposure

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Chatham listings, avg age

77d

List price

$2.50M

Haho

This industrial in Chatham has been listed for 27 days, which is 50 days fresher than the city average of 77. Act while there is still low competition.

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Area context

Neighbourhood profile (N7L)

This home lists at $2,500,000, about 36.5× the local median household income of $68,500.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 613% 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)

$2,500,000

For sale

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Financing

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857 Grand Avenue West, Chatham - Industrial for Sale