SELLER MOTIVATED! The possibilities are endless with this exceptional high-visibility corner property offering a unique blend of residential and commercial income potential. This well-maintained building features two residential units, both currently rented at $1450.00 ($200.00 of this amount is for utilities) per month inclusive and $1200.00 per month inclusive, providing immediate income, along with a vacant main-floor commercial space ready for an owner-occupier or investor. The commercial unit consists of a welcoming reception area, multiple offices, examination rooms equipped with sinks, a kitchenette, and two washrooms, making it ideal for medical, professional, or service-based uses, comprising of approx. 1716 square feet. The flexible layout also presents the potential to create additional rental units, subject to any required approvals. Laundry facilities are conveniently located in the basement, and the property offers ample on-site parking for tenants, clients, and visitors. Centrally located close to the downtown core and within walking distance to shopping, restaurants, services, and other amenities, this property is in excellent condition and represents an outstanding value and investment opportunity. The seller may consider a vendor take-back mortgage for qualified purchasers, adding further appeal to this rare offering. (id:4069)
Address
226 WELLINGTON STREET West
List Price
$649,900
Property Type
Industrial
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Chatham
Lot Size
139.14 X / 28 AC Sq. Ft.
Year Built
1950
MLS® Number
26013717
Listing Brokerage
RE/MAX PREFERRED REALTY LTD.
Postal Code
N7M1J6
Zoning
UC (CBD)
Ownership
Freehold
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Central air conditioning
