79 King Street West Chatham, Ontario N7M 1C7
$425,000
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:47351)
Property Details
| MLS® Number | 25000018 |
| Property Type | Single Family |
| Features | Mutual Driveway |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 |
| Constructed Date | 1900 |
| Exterior Finish | Brick |
| Flooring Type | Carpeted, Ceramic/porcelain, Laminate, Cushion/lino/vinyl |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 20xirregular |
| Size Total Text | 20xirregular|under 1/4 Acre |
| Zoning Description | Uc (cbd) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Storage | 5 ft ,1 in | 9 ft ,2 in | 5 ft ,1 in x 9 ft ,2 in |
| Second Level | Other | 5 ft ,11 in | 15 ft ,11 in | 5 ft ,11 in x 15 ft ,11 in |
| Second Level | Utility Room | 6 ft ,7 in | 10 ft ,1 in | 6 ft ,7 in x 10 ft ,1 in |
| Second Level | Primary Bedroom | 16 ft ,11 in | 9 ft ,8 in | 16 ft ,11 in x 9 ft ,8 in |
| Second Level | Living Room | 19 ft ,7 in | 22 ft ,2 in | 19 ft ,7 in x 22 ft ,2 in |
| Second Level | Kitchen | 13 ft ,4 in | 6 ft ,5 in | 13 ft ,4 in x 6 ft ,5 in |
| Second Level | 4pc Bathroom | 4 ft ,11 in | 8 ft ,5 in | 4 ft ,11 in x 8 ft ,5 in |
| Second Level | Bedroom | 11 ft ,9 in | 10 ft ,1 in | 11 ft ,9 in x 10 ft ,1 in |
https://www.realtor.ca/real-estate/27907960/79-king-street-west-chatham
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March 05 2025 05:02:43
Chatham Kent Association of REALTORS®
Royal LePage Peifer Realty Brokerage