8-12 York Street Chatham-Kent, Ontario N0P 2C0

25,395 ft2

$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

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Rishi Sehgal
Broker

(647) 998-7474
www.sehgalrealestate.com/

Homelife Miracle Realty Ltd
5010 Steeles Ave W Unit 11a
Toronto, Ontario M9V 5C6

(416) 747-9777
(416) 747-7135
www.homelifemiracle.com/

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