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241 GRAND AVENUE E, Chatham-Kent (Chatham) — listed at $1,200,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Well-maintained mixed-use investment property on a corner lot along Grand Ave E in Chatham, offered together with an additional HC1-zoned lot. The building has ten units in total, with eight renovated residential suites and two street-front commercial spaces. Extensive updates have been completed over the years, including the roof, windows, siding, electrical, plumbing and water heater, along with renovated kitchens, washrooms and flooring throughout the residential units. Hydro is separately metered with tenants paying their own, and there is room to grow income over time. The additional lot currently serves as parking for the commercial units and offers potential for future development. A solid opportunity for investors looking for steady income with upside. (id:60164)
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $1,200,000, standout features include 4747 sq ft. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $13,500, heating is baseboard heaters, forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is baseboard heaters, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Who is 241 GRAND AVENUE E best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
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