Welcome to 79 King Street West – the Historic ""Nichol Block"" Nestled in the heart of downtown Chatham, this is a rare chance to own a prime investment property in a dynamic and evolving area with exciting development opportunities on the horizon. Owned by the same family for over 60 years, this property boasts quality long-term tenants and generates approximately $1,615 in monthly rental income. The building features a versatile layout: the ground floor houses a commercial restaurant space, while the upper unit serves as a residential space. Utilities are currently covered by the owner for the residential tenant and paid by the tenant in the lower commercial unit. A full basement, accessible through the restaurant, offers ample storage space. Don’t miss this unique opportunity to invest in a vibrant and growing downtown core! See Floor plan for all measurements (id:4069)
Address
79 King STREET West
List Price
$425,000
Property Type
Single Family
Type of Dwelling
House
Area
Ontario
Sub-Area
Chatham
Bedrooms
1
Bathrooms
1
Lot Size
20XIrregular Sq. Ft.
Year Built
1900
MLS® Number
25000018
Listing Brokerage
ROYAL LEPAGE PEIFER REALTY Brokerage
Postal Code
N7M1C7
Zoning
UC (CBD)
Features
Mutual Driveway
