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.
Property Type:
Residential Freehold
Property Sub Type:
Duplex
Home Style:
1 1/2 Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Depth:
150'45.7 m
Lot Frontage:
60'18.3 m
Direction Faces:
South
Bedrooms:
4
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Bedrooms Above Grade:
4
Kitchens Above Grade:
2
Rooms Above Grade:
8
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Metal
Basement:
Separate Entrance
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
60 days or less
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$4,000 /
2025
Assessment:
$- /
-
Chatham-Kent
Chatham-Kent
Chatham
Carpet Free, Separate Hydro Meter, Sump Pump, Water Heater Owned
N/A
Two fridge, Two Stoves, Two washer dryer, Two Dishwashers
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