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For Sale - 79 King Street, Chatham, Ontario

Est payment $2,174/mo
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Time on Jump  1 days

AI Summary *

  • Historic investment property owned by the same family for over 60 years.
  • Generates approximately $1,615 in monthly rental income.
  • Ground floor has a commercial restaurant space with upper residential unit.
  • Utilities covered for residential tenant, simplifying management.
  • Full basement offers plenty of storage space for business needs.




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
Listing ID25000018
Address79 King Street
CityChatham, Ontario
Price$425,000
Bed / Bath1 / 1 Full
Style2 Storey
ConstructionBrick
FlooringCarpeted, Ceramic or Porcelain, Cushion …
TypeResidential
StatusFor Sale

Subtype 2 StoreyAcreage 0.062Driveway Mutual DriveParking NoneOwnership FreeholdRental Equipment NoneBasement FullBasement Development UnfinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary

Date Listed Feb 10, 2025Days on Market 2
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Reem Dawood

Reem Dawood

Realtor®

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Listing Agency:  ROYAL LEPAGE PEIFER REALTY Brokerage
Co-Listing Agency:  ROYAL LEPAGE PEIFER REALTY Brokerage
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79 King Street
Chatham , Ontario
1 1 $425,000
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