ON > Chatham-kent
Chatham-kent, ON N0P 2C0,8-12 York Street
Chatham-kent, ON N0P 2C0,8-12 York Street
Chatham-kent, ON N0P 2C0,8-12 York Street
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$3,999,900
Est. payment /mo
25,395 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 25,395 sqft

Price per Sqft $157

MLS Listing ID 40749401

Abv Grd Liv Area 25,395

Annual Tax Amount $15,389

Property Sub-Type Mixed,Building and Land

Source Mississauga

Lot Depth 195.02

Lot Front 165.15

Property Description

Newly built and inspected in 2022, this exceptional multi-residential investment property offers 12 residential units, plus a management-use studio apartment and a separate coin laundry facility that generates additional income. The property features 18 regular parking spaces plus 2 handicapped spaces, and is almost fully occupied with long-term tenants, providing a strong cap rate. The unit mix includes three one-bedroom, one-bath units, four two-bedroom, one-bath units, one two-bedroom, one-bath unit with a den, and four three-bedroom, two-bath units. Recently upgraded throughout, the building showcases high-quality construction and modern updates including new windows, HVAC systems, roofing, plumbing, security system,
Wi-Fi, pot lights, updated electrical with individual hydro meters, 400-amp service, fire-coated soundproofing, and more. The property is pet-friendly, non-smoking, and fire-code compliant. Zoned Urban Commercial, this meticulously maintained building is ideally located in a mixed-use area surrounded by multi-residential developments, mature residential neighborhoods, and commercial properties. Situated just west of Erie Street North, Ridgetown's main north-west arterial road, this is a rare opportunity to own a turn-key, income-generating asset in a growing community.

Location

Province ON

County Chatham-kent

Area Howard

Zoning UC (CBD)

Direction Erie Street North/York Street

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 165.15

Lot Depth 195.02

Garage No

Building

Lot Description City Lot, Schools

Faces Erie Street North/York Street

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Metal/Steel Siding,Stone

New Construction No

Others

Senior Community false

Tax ID 006930798

Ownership Freehold/None

Virtual Tour https://drive.google.com/file/d/1subLPes8Z_-39drewP36VHDKcEjfvDoN/view

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Listed by HOMELIFE MIRACLE REALTY LTD

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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