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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.
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 | Property Subtype | Apartment |
Price Per Unit | $349,917 CAD | Apartment Style | Low Rise |
Sale Type | Investment | Building Class | B |
Cap Rate | 5.36% | Building Size | 13,072 SF |
No. Units | 12 | No. Stories | 1 |
Property Type | Multifamily | Year Built/Renovated | 1973/2022 |
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 | - | - |
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Walk Score ®
Very Walkable (72)
zoning
Zoning Code | CBD (Urban Commercial) |
CBD (Urban Commercial) |
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8-12 York St W
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