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 4

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