8-12 York Street Chatham-Kent, Ontario N0P 2C0
$3,999,900
Newly built and inspected in 2022, this exceptional multi-residential investment property offers 12 residential units, plus a management-use studio apartment and a separate coin laundry facility that generates additional income. The property features 18 regular parking spaces plus 2 handicapped spaces, and is almost fully occupied with long-term tenants, providing a strong cap rate. The unit mix includes three one-bedroom, one-bath units, four two-bedroom, one-bath units, one two-bedroom, one-bath unit with a den, and four three-bedroom, two-bath units. Recently upgraded throughout, the building showcases high-quality construction and modern updates including new windows, HVAC systems, roofing, plumbing, security system, Wi-Fi, pot lights, updated electrical with individual hydro meters, 400-amp service, fire-coated soundproofing, and more. The property is pet-friendly, non-smoking, and fire-code compliant. Zoned Urban Commercial, this meticulously maintained building is ideally located in a mixed-use area surrounded by multi-residential developments, mature residential neighborhoods, and commercial properties. Situated just west of Erie Street North, Ridgetown's main north-west arterial road, this is a rare opportunity to own a turn-key, income-generating asset in a growing community. (id:50886)
Business
Name | 12-Plex |
Property Details
MLS® Number | 40749401 |
Property Type | Other |
Amenities Near By | Schools |
Building
Basement Type | None |
Exterior Finish | Brick, Metal, Stone |
Stories Total | 2 |
Size Exterior | 25395.0000 |
Size Interior | 25,395 Ft2 |
Utility Water | Municipal Water |
Land
Acreage | No |
Land Amenities | Schools |
Sewer | Municipal Sewage System |
Size Depth | 195 Ft |
Size Frontage | 165 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | Uc (cbd) |
https://www.realtor.ca/real-estate/28577743/8-12-york-street-chatham-kent
Contact Us
Contact us for more information
Rishi Sehgal
Broker
www.sehgalrealestate.com/
5010 Steeles Ave W Unit 11a
Toronto, Ontario M9V 5C6
(416) 747-9777
(416) 747-7135
www.homelifemiracle.com/