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$ 649,900
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Active
226 WELLINGTON Street West Chatham, ON N7M 1J6
UPDATED:
Key Details
Property Type Commercial, Single Family Home
Sub Type Investment Property,Office(s),Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26013717
Construction Status Unknown
Year Built 1950
Annual Tax Amount $11,665
Tax Year 2026
Property Sub-Type Investment Property,Office(s),Residential
Source WESC
Property Description
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.
Location
Province ON
Zoning UC (CBD)
Interior
Heating Central Air Conditioning, Forced Air
Cooling Central Air Conditioning, Forced Air
Flooring Cushion or Lino or Vinyl, Laminate
Inclusions washer & dryer
Exterior
Roof Type Asphalt Shingle
Building
Sewer Sanitary
Construction Status Unknown
Listed by RE/MAX PREFERRED REALTY LTD.