Address
237 Wellington Street West Chatham, ON
Price
$ 479,900
Property Attributes
  • MLS#21005527
  • TypeMulti-Family
  • CityChatham
  • AreaSouth West
  • NeighbourhoodS1
  • Postal CodeN7M 1J9
  • Style5-8 Units
  • Taxes$ 5466
  • Price$ 479,900
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
ROYAL LEPAGE PEIFER REALTY Brokerage
Data Source:
Sarnia-Lambton Real Estate Board (SLREB)
Property Description

Building with lots of character near the downtown core. Main floor is approx. 1400 sq ft of office space with 700 sq ft rented and another 700 sq ft available for rent (potential $1000/mn). Main floor has new furnace and central air. Long term tenants in the 4 apartments. All apartments are 1 bedroom (2 on upper, 2 in basement). Rents include utilities. Gross income $38,400. with potential of $50,400. Total expenses of $12,550. Net operating income is $25,850. Viewings of property to be within 48 hrs from date of accepted offer. Offers to be viewed on April 30th at 3:00 pm and registered by 1:00 pm same day. Please follow all Covid protocols.

Price History
4/23/2021 Listed $479,900

General Features

City Chatham
DOM 50
District South West
Exclusions All tenants belongings
Handicap No
Heating Cooling Boiler, Forced Air, Partially Air Conditioned, Radiator
Major Area Chatham City
Property Type Multi-Family
Roof Tile
Sewer Sanitary
Status Active
Street Name Wellington
Tax Year 2020
Transaction Type Sale
Year Built Description Unknown
Zoning M/RES/CBD

Interior Features

Heating Fuel Natural Gas

Exterior Features

Exterior Finish Brick
Sewer Availability Connected
Street Number 237
Water Availability Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N7M 1J9

Price
AVG $480K
$480K
Taxes
AVG $5,466
$5,466
Visits
AVG 7
7