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143 - 141 PARK AVENUE E, Chatham-Kent (Chatham) — listed at $1. Earn buyer cashback at closing. No catches, just more money in your pocket.
Zoned M1 General Industrial, the property allows a broad range of potential uses, including office, public storage, service/repair shop, service trade establishment, warehouse, wholesale business with accessory retail, and other permitted commercial/industrial uses. The M1 zoning also lists automatic and manual car wash as permitted uses, creating a potential future opportunity for a buyer to explore a car wash system with additional investment.Seller estimates that with an approximate $200,000 additional investment, a properly approved car wash setup may have potential to generate $30,000+ in additional income, subject to buyer's own feasibility study, municipal approvals, permits, servicing, drainage, environmental review, construction costs, and market demand.-income, location, zoningA rare property for buyers who want more than a standard duplex flexibility, and long-term upside in one package. (id:60164)
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,400, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Unfinished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Chatham-Kent (Chatham) before counting on it.
What's the parking situation?+
This property includes 6 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is this a good starter home?+
At $1, this is priced in starter-home territory for Chatham-Kent (Chatham). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
Yes — Unfinished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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