79 King Street Chatham, Ontario

$425,000

1 Beds

1 Full

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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! See Floor plan for all measurements

PROPERTY SPECS

Price $425,000

City Chatham, Ontario

Bed / Bath 1 / 1 Full

Address 79 King Street

Listing ID 25000018

Style 2 Storey

Construction Brick

Flooring Carpeted, Ceramic or Porcelain, Cushion or Lino or Vinyl, Laminate

Type Residential

Status For Sale

EXTENDED FEATURES

Subtype 2 Storey Acreage 0.062 Driveway Mutual Drive Parking None Ownership Freehold Rental Equipment None Basement Full Basement Development Unfinished Foundation Block Heating / Cooling Forced Air Heating Fuel Natural Gas Hot Water Tank Gas Utility Water Municipal Water Sewer Sanitary Date Listed Feb 10, 2025 Days on Market 12

Grocery Stores

Schools

Banks

Restaurants

Health

Parks

Entertainment

Transit

Fire Station

Police

519-948-8171

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Listing Agent: KRISTEN NEAD

Listing Agency: ROYAL LEPAGE PEIFER REALTY Brokerage