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8-12 York St W
12 Unit Block of Flats £2,380,572 (£198,381/Unit) 5.36% Net Initial Yield 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 | £2,380,572 | Property Subtype | Apartment |
| Price Per Unit | £198,381 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Net Initial Yield | 5.36% | Building Size | 13,072 SF |
| No. Units | 12 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1973/2022 |
| Price | £2,380,572 |
| Price Per Unit | £198,381 |
| Sale Type | Investment |
| Net Initial Yield | 5.36% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Building Size | 13,072 SF |
| Number of Floors | 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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