Attention Investors & Owner-Operators — Don’t Miss This Exceptional Opportunity! This solid two-storey mixed-use building offers the perfect blend of business ownership and investment income. Featuring approximately 2,400 sq. ft. of vacant commercial space on the main floor, this property is ideal for an owner-operator or a wide range of commercial uses, supported by favourable zoning. The upper level includes two separate two-bedroom residential units — one currently tenanted at $1,200/month, while the second unit is vacant and market-ready with an estimated rent of $1,500/month, offering immediate upside. Situated on an extra-large lot approximately 200 feet deep, the property provides ample on-site parking and exceptional future development or expansion potential, this is a rare, flexible asset well-suited for investors looking to maximize returns or owner-operators seeking to offset operating costs with rental income. (id:4069)
Address
561 PARK AVENUE
List Price
$495,000
Property Type
Industrial
Transaction Type
Sale
Area
Ontario
Sub-Area
Chatham
Lot Size
53.19 X 201.29 FT Sq. Ft.
MLS® Number
25032004
Listing Brokerage
JUMP REALTY INC.
Postal Code
N7M1X1
Zoning
COMM
