226 Wellington Street West Chatham, Ontario N7M 1J6

$649,900

SELLER MOTIVATED! The possibilities are endless with this exceptional high-visibility corner property offering a unique blend of residential and commercial income potential. This well-maintained building features two residential units, both currently rented at $1450.00 ($200.00 of this amount is for utilities) per month inclusive and $1200.00 per month inclusive, providing immediate income, along with a vacant main-floor commercial space ready for an owner-occupier or investor. The commercial unit consists of a welcoming reception area, multiple offices, examination rooms equipped with sinks, a kitchenette, and two washrooms, making it ideal for medical, professional, or service-based uses, comprising of approx. 1716 square feet. The flexible layout also presents the potential to create additional rental units, subject to any required approvals. Laundry facilities are conveniently located in the basement, and the property offers ample on-site parking for tenants, clients, and visitors. Centrally located close to the downtown core and within walking distance to shopping, restaurants, services, and other amenities, this property is in excellent condition and represents an outstanding value and investment opportunity. The seller may consider a vendor take-back mortgage for qualified purchasers, adding further appeal to this rare offering. (id:55464)

Business

Business Type	Residential
Business Sub Type	Residential

Property Details

MLS® Number	26013717
Property Type	Industrial

Building

Constructed Date	1950
Cooling Type	Central Air Conditioning
Flooring Type	Laminate, Cushion/lino/vinyl
Heating Fuel	Natural Gas
Heating Type	Forced Air
Type	House

Land

Acreage	Yes
Size Irregular	139.14 X / 28 Ac
Size Total Text	139.14 X / 28 Ac|10+ Acres
Zoning Description	Uc (cbd)

https://www.realtor.ca/real-estate/29890475/226-wellington-street-west-chatham