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8-12 York St W

12 Unit Apartment Building $4,199,000 CAD ($349,917 CAD/Unit) 5.36% Cap Rate Chatham, ON N0P 2C0

Investment Highlights

  • 16 Chanel Hard Wired Security Camera System
  • Integrated hard-wired fire alarm system
  • Direct Call Buzzer System in the Main Lobby for all units

Executive Summary

Featuring 12 residential units + 1 residential unit plus a separate laundry structure with 18 parking spots, comes with a previous clean Phase 1 on file, ensuring a smooth transaction. Quality Multi – Residential structure fully upgraded/ renovated recently throughout. This commercial-residential gem, zoned Urban Commercial, has been meticulously maintained and recently upgraded with new windows,
HVAC, roofing, plumbing, security system , electrical panels, individual hydro panels and so much more (refer to “Property Features” section below). Located just west of Erie St North, Ridgetown’s main arterial road housing commercial / retail development including RBC, Subway and LCBO as well as restaurants and various retail establishments. This property is surrounded by residential development to its North and West. The property enjoys ideal visibility and accessibility, complemented by ample municipal parking in the surrounding area.

Property Facts

Price $4,199,000 CAD
Price Per Unit $349,917 CAD
Sale Type Investment
Cap Rate 5.36%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Building Size 13,072 SF
No. Stories 1
Year Built/Renovated 1973/2022

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - -
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code CBD (Urban Commercial)
CBD (Urban Commercial)
  • Listing ID: 31764203

  • Date on Market: 2024-05-10

  • Last Updated:

  • Address: 8-12 York St W, Chatham, ON N0P 2C0

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