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For Sale - 79 King Street, Chatham, Ontario

Est payment $2,289/mo
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AI Summary *

  • Historic investment property in the heart of downtown Chatham.
  • Generates about $1,615 monthly from quality long-term tenants.
  • Ground floor features a commercial restaurant space.
  • Upper unit serves as a residential space for additional income.
  • Full basement provides ample storage accessed through the restaurant.




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!
Listing ID24029417
Address79 King Street
CityChatham, Ontario
Price$449,900
TypeIndustrial/Commercial
StatusFor Sale

Attachment Style Multi-Storey, Multi-UnitSubtype Office(s), RetailAcreage 0.062Inclusions Hot Water Tank x2 Owned By SellerParking On SiteOwnership FreeholdRental Equipment NoBuilding Amenities Window DisplayHeating / Cooling Forced AirHeating Fuel Natural GasUtility Power AMPSUtility Water Municipal WaterSewer Sanitary

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Xin Peng

Xin Peng

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Listing Agency:  ROYAL LEPAGE PEIFER REALTY Brokerage
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79 King Street
Chatham , Ontario
$449,900
Get more info