54 Main Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Ridgetown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $449,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 2 Bathrooms
- Premium 20.1 x 133.37 ft lot size
- Convenient street garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
A great investment opportunity to buy a Retail store with property which has a 3 bed apartment on 2nd floor. The owners are willing to stay to operate the business. The rent will pay the mortgage. Build your equity over the years with such a lucrative price. The present owner is operating 3 businesses in one location. The store has been newly renovated, recently the store has acquired a permit for a Licensed Bar with a dine in Restaurant plus an existing Variety store business. The variety store also sells Wine and Beer along with Lotto and Tobacco. The Town is under going rapid development and improvements. University Of Guelph Campus is close by, Industrial Area is very near. A new Steel plant has been planned in Ridgetown. High School is only a short distance away. A New 130 housing project is under construction in the town. A Gas station with a McDonalds Restaurant is planned and shortly to be constructed. All Chattels and Equipment are included in the price. Do not miss this fantastic offer.
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Pricing & Value Insights
Data-driven valuation for 54 E Main Street, Chatham-Kent, ON N0P 2C0
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $449,999 in Chatham-Kent, the legal minimum down payment is $22,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,475 for this transaction. As this listing is in Chatham-Kent (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.