Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Amenities: Separate Hydro Meters
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 1500 - 2000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Two stoves

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 2
Features: Carpet Free, Sump Pump
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 150 Feet
Lot Frontage: 60 Feet
Lot Size: 60 x 150 FT
Utility Type: Hydro - Installed, Sewer - Installed
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: HOMELIFE/MIRACLE REALTY LTD

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Demographic Information of 143 - 141 PARK AVENUE E, Chatham-Kent, Ontario, N7M 3V7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,860.47

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.0 %

High school certificate or equivalent

37.67 %

Apprenticeship trade certificate/diploma

6.59 %

College/non-university certificate

19.24 %

University Degree

8.5 %

Commuter

Travel To Work

By Car

90.34 %

By Public Transit

0.0 %

By Walking

7.23 %

By Bicycle

0.0 %

By Other Methods

2.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.76 %

Houses

54.24 %

143 - 141 PARK AVENUE E, Chatham-Kent, Ontario, N7M 3V7