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$3,999,900
Available - For Sale
Listing ID: X12046655
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: $15,389.58
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 25,395
Total Area Code:  Square Feet
Retail Area Code: %
Business/Building Name: 8 York Street
Financial Statement: F
Chattels: T
Employees #: 2
Maintenance: 0
Sprinklers: Yes
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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HOMELIFE/MIRACLE REALTY LTD

8-12 York Street , Chatham-Kent, N0P 2C0, Chatham-Kent


 
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At a Glance:
Type: Com - Investment
Area: Chatham-Kent
Municipality: Chatham-Kent
Neighbourhood: Chatham-Kent
Style:
Lot Size: x 195.02(Feet)
Approximate Age:
Tax: $15,389.58
Maintenance Fee: $0
Beds: 0
Baths: 18
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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