$3,999,900
Available - For Sale
Listing ID: X12046655
8-12 York Street , Chatham-Kent, N0P 2C0, Chatham-Kent
| 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. |
| Price | $3,999,900 |
| Taxes: | $15389.58 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 8-12 York Street , Chatham-Kent, N0P 2C0, Chatham-Kent |
| Postal Code: | N0P 2C0 |
| Province/State: | Chatham-Kent |
| Legal Description: | 8,10,12 York Street & 5 Walnut st under |
| Directions/Cross Streets: | Erie St N/ York Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 25395.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Business/Building Name: | 8 York Street |
| Financial Statement: | F |
| Chattels: | T |
| Employees #: | 2 |
| Sprinklers: | Yes |
| Washrooms: | 18 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| HOMELIFE/MIRACLE REALTY LTD |
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At a Glance:
| Type: | Com - Investment |
| Area: | Chatham-Kent |
| Municipality: | Chatham-Kent |
| Neighbourhood: | Chatham-Kent |
| Tax: | $15,389.58 |
| Baths: | 18 |
| Fireplace: | N |
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