787 St Clair 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 $4,750,000 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 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Canadian Commercial Realty Inc. is pleased to offer for sale, on behalf of the Vendor, 787 St. Clair Street in Chatham, Ontario (the "Property"). Formerly occupied by Peavey Mart, this 32,912 square foot freestanding retail building sits on a 5.10-acre parcel within an established big-box retail node anchored by Real Canadian Superstore. Approximately 9,000 square feet of the building is currently leased, providing in-place income, with the balance of the building available for occupancy.The Property is located on the north end of Chatham within one of the City's primary retail corridors, in close proximity to Walmart, Home Depot, LCBO, Dollarama, and many other national and regional retailers and service-oriented businesses. The primary Peavey Mart space was built in 2006/2007, with the original building dating from 1981-1983 and a later addition completed in 2013/2014. The building features clear heights up to 15', multiple loading doors including dock and grade-level access, and two secured, fenced outdoor storage areas.Zoned UC (HC1)-371 - Highway Commercial First Density, the Property permits a broad range of commercial and employment uses, and the well-configured building and site layout make it appealing to owner-occupiers and investors seeking a flexible, large-format commercial property.
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Data-driven valuation for 787 St Clair Street, Chatham-Kent, ON N7L 0E9
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $4,750,000 in Chatham-Kent, the legal minimum down payment is $950,000 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 $105,225 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 $105,225.
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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.