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For saleMLS® X13873574

241 Grand Avenue East

Chatham, N7L1W7

$1,200,000

Interior
4,747 ft²
Type
Multi-unit

About this home

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.

Property details

Property type
Multiplex
Ownership
Freehold
Property taxes
$13,500
Heating
Baseboard heaters, Forced air, Natural gas
Water
Municipal water
Time on market
26 days on market

Location

Thinking about the area? Read my guide to Chatham.

Estimate your payment

20% down. The minimum on this price is $95,000.

Your monthly payment

$5,313

Mortgage amount
$960,000
Interest over the amortization
$634,002

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.

Listing brokerage: EXP REALTY.

Listing courtesy of the Toronto. MLS® X13873574.

Measurements are deemed reliable but not guaranteed.

Listing data provided by the Toronto through the REALTOR.ca Data Distribution Facility (DDF®) of The Canadian Real Estate Association. Information is deemed reliable but not guaranteed.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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