398 Brown Street, Chatham-Kent | Image 1

398 Brown Street

Chatham-Kent, Dresden

  • Commercial

$299,000
For Sale

Added 3 weeks ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.
  • Type: Investment

  • Property Type: Commercial

  • Zoning: r1(f)

  • Age: No Data

  • Taxes: 1175

  • MLS®#: X8283328

  • Days on Site: 21 Days

  • Added: Apr 10, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: STREETCITY REALTY INC., BROKERAGE

Situated on a generous corner lot, this triplex offers an excellent investment opportunity, featuring three 1-bedroom units two of which are vacant and one currently occupied under a month-to-month lease. This setup allows for immediate leasing of two units at current market rates. The first vacant unit has been completely renovated, offering modern finishes and move-in readiness. The second vacant unit presents a unique opportunity for value enhancement, with potential for conversion into a spacious 2-bedroom unit, perfect to boost monthly revenue. Additionally, the property offers a metal roof and a detached double car garage with ample parking, accommodating multiple tenants with ease. Its prime location near a variety of essential amenities, coupled with its proximity to the downtown area, heightens its appeal as a highly desirable rental choice.

Property

  • Status: Sale

  • Property Type: Investment

  • Area: Chatham-Kent

  • Community: Dresden

  • Availability Date: 1-29Days

  • Assessment Amount: $64,000

  • Assessment Year: 2023

Inside

  • Bathrooms: 3

  • Air Conditioning: None

  • Washrooms: 3

Building

  • Basement: N

  • Water Supply: Municipal

Parking

  • Garage Type: Detached

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 133 LOT 13

  • Taxes: $1,175

Land

  • Cross Street: Turn Left Onto Brown

  • Municipality District: Chatham-Kent

  • Parcel Number: 006020105

  • Sewer: Sewers

  • Lot Depth: 99 Feet

  • Lot Frontage: 66 Feet

  • Zoning: r1(f)

Commercial Specific

  • Total Area: 2450

  • Total Area Metric: Sq Ft

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.
JK-8

Dawn-Euphemia School

Elementary: Public
14.05 km
JK-8

St Vincent Catholic

Elementary: Catholic
16.81 km
JK-8

Gregory Drive Public School

Elementary: Public
19.07 km
JK-8

King George VI Public School

Elementary: Public
19.07 km
JK-8

Dresden Area Central School

Elementary: Public
0.61 km
JK-8

McNaughton Ave Public School

Elementary: Public
18.16 km
9-12

École secondaire catholique École secondaire de Pain Court

Secondary: Catholic
23.86 km
9-12

Lambton Kent Composite School

Secondary: Public
0.76 km
9-12

John McGregor Secondary School

Secondary: Public
23.06 km
9-12

Wallaceburg District Secondary School

Secondary: Public
17.04 km
9-12

Chatham-Kent Secondary School

Secondary: Public
18.76 km
9-12

Ursuline College (The Pines) Catholic Secondary School

Secondary: Catholic
20.43 km