79 King Street Chatham, Ontario

$449,900

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PROPERTY INFO

Welcome to 79 King Street West – the Historic "Nichol Block" Nestled in the heart of downtown Chatham, this is a rare chance to own a prime investment property in a dynamic and evolving area with exciting development opportunities on the horizon. Owned by the same family for over 60 years, this property boasts quality long-term tenants and generates approximately $1,615 in monthly rental income. The building features a versatile layout: the ground floor houses a commercial restaurant space, while the upper unit serves as a residential space. Utilities are currently covered by the owner for the residential tenant and paid by the tenant in the lower commercial unit. A full basement, accessible through the restaurant, offers ample storage space. Don’t miss this unique opportunity to invest in a vibrant and growing downtown core!

PROPERTY SPECS

Price $449,900

City Chatham, Ontario

Address 79 King Street

Listing ID 24029417

Type Industrial/Commercial

Status For Sale

EXTENDED FEATURES

Attachment Style Multi-Storey, Multi-Unit Subtype Office(s), Retail Acreage 0.062 Inclusions Hot Water Tank x2 Owned By Seller Parking On Site Ownership Freehold Rental Equipment No Building Amenities Window Display Heating / Cooling Forced Air Heating Fuel Natural Gas Utility Power AMPS Utility Water Municipal Water Sewer Sanitary Date Listed Dec 17, 2024 Days on Market 35

Grocery Stores

Schools

Banks

Restaurants

Health

Parks

Entertainment

Transit

Fire Station

Police

519-948-8171

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Listing Agent: AMBER PINSONNEAULT

Listing Agency: ROYAL LEPAGE PEIFER REALTY Brokerage