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226 WELLINGTON Street

226 WELLINGTON Street

Chatham, Ontario

  • Industrial
$649,900

SELLER MOTIVATED! The possibilities are endless with this exceptional high-visibility corner property offering a unique blend of residential and commercial income potential. This well-maintained building features two residential units, both currently rented at $1450.00 ($200.00 of this amount is for utilities) per month inclusive and $1200.00 per month inclusive, providing immediate income, along with a vacant main-floor commercial space ready for an owner-occupier or investor. The commercial unit consists of a welcoming reception area, multiple offices, examination rooms equipped with sinks, a kitchenette, and two washrooms, making it ideal for medical, professional, or service-based uses, comprising of approx. 1716 square feet. The flexible layout also presents the potential to create additional rental units, subject to any required approvals. Laundry facilities are conveniently located in the basement, and the property offers ample on-site parking for tenants, clients, and visitors. Centrally located close to the downtown core and within walking distance to shopping, restaurants, services, and other amenities, this property is in excellent condition and represents an outstanding value and investment opportunity. The seller may consider a vendor take-back mortgage for qualified purchasers, adding further appeal to this rare offering.

Price History

Community

Postal area N7M

Population
25,579
Private dwellings
11,361
Median age
44
Average household size
2.3
Median household income
$71,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Industrial in Chatham · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of industrial properties in Chatham over the last 12 months.

Walk Score

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