79 King Street West, Chatham, Ontario

$425,000

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1

Bed

1

Bath

20.00

Acres

About 79 King Street West

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 (id:36535)

Features of 79 King Street West

Listing # 25000018
Price $425,000
Bedrooms 1
Bathrooms 1.00
Acres 20.00
Year Built 1900
Type Single Family
Sub-Type Freehold

Community Information

Address 79 King Street West
City Chatham
Province Ontario
Postal Code N7M1C7

Amenities

Features Mutual Driveway
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Brick
Foundation Block

Listing Details

OfficeCourtesy Of KRISTEN NEAD and AMBER PINSONNEAULT Of ROYAL LEPAGE PEIFER REALTY Brokerage

Listing Map