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$ 890,000
Est. payment | /mo
4 Beds
2 Baths
$ 890,000
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Chatham
MLS Listing ID X13050006
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $4,000
Tax Year 2025
Property Sub-Type Duplex
Property Description
Welcome to 141-143 Park Avenue E - a unique property offering ML (General Industrial) zoning with a wide range of permitted uses, combined with strong existing income potential. The property is currently fully renovated and fully furnished, featuring two functional units with proven short-term rental (Airbnb) potential generating up to ~$6,000/month, depending on occupancy and management. Ideal for investors seeking immediate income with future upside. ML zoning allows for various commercial and industrial uses including office, warehouse, service shop, storage, and wholesale operations with accessory retail. The zoning also permits uses such as a car wash (automatic or manual), presenting a potential value-add opportunity for buyers looking to reposition or redevelop the property over time. Seller indicates that, subject to approvals and buyer due diligence, a future car wash setup could be explored with additional investment. All development potential is subject to municipal approvals, servicing, environmental considerations, and feasibility review. Strategically located in a growing area, just minutes to Highway 401 and approximately 5 minutes to downtown, offering excellent accessibility. The area continues to see development activity, including nearby commercial growth such as a newly opened gas station and major retail brands. A rare opportunity combining current income with long-term flexibility and upside. Buyer to verify zoning, permitted uses, compliance, and all future development potential with the Municipality of Chatham-Kent.
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Rooms
Family Room No
Basement Separate Entrance
Kitchen 2
Interior
Interior Features Carpet Free, Separate Hydro Meter, Sump Pump, Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Metal
Lot Frontage 60.0
Lot Depth 150.0
Total Parking Spaces 6
Building
Building Age 51-99
Foundation Concrete
Others
ParcelsYN No
Listed by HOMELIFE/MIRACLE REALTY LTD
Nearby Locations
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