544 Queen Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Chatham. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $949,000 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 1 Bathroom
- Premium 60 x 103 ft lot size
- Convenient single detached garage included
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
Prime Mixed-Use Investment Opportunity! Exceptional commercial/residential property in the heart of Chatham on high-traffic Queen Street. The spacious main floor boasts two separate street-facing entrances, offering flexibility to operate as one large unit or subdivide into two commercial spaces. The upper level consists of six fully leased residential apartments (4 1-bedroom, 2 2-bedroom), providing stable rental income. Additional highlights include: Full basement spanning the building's footprint with abundant storage potential. Detached single-car garage plus 7 surface parking spaces. Shared coin-operated laundry generating extra income. High visibility, strong cash flow, and multiple revenue streams make this an investment not to be missed!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 544 Queen Street, Chatham-Kent, ON N7M 2J6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $949,000 in Chatham-Kent, the legal minimum down payment is $69,900 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 $15,455 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 $15,455.
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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.