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241 Grand Avenue E
Chatham Chatham-Kent N7L 1W7

$1,200,000 /For Sale
Commercial

Main Photo: 241 Grand Avenue E in Chatham-Kent: Chatham Commercial for sale : MLS®# X13873574
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13873574
Bus Major:
Apts - 6 To 12 Units
Well-maintained mixed-use investment property on a corner lot along Grand Ave E in Chatham, offered together with an additional HC1-zoned lot. The building has ten units in total, with eight renovated residential suites and two street-front commercial spaces. Extensive updates have been completed over the years, including the roof, windows, siding, electrical, plumbing and water heater, along with renovated kitchens, washrooms and flooring throughout the residential units. Hydro is separately metered with tenants paying their own, and there is room to grow income over time. The additional lot currently serves as parking for the commercial units and offers potential for future development. A solid opportunity for investors looking for steady income with upside. Full information package available on request.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4747 sq. ft. Square Feet
Total Area:
4,747 sq. ft.
Lot Depth:
56'2½"
Lot Frontage:
50'2"
Water supply:
Municipal
Zoning:
HC1
Heating type:
Baseboard
Garage:
None
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$13,500 / 2025
Assessment:
$- / -
Chatham-Kent
Chatham-Kent
Chatham
N/A
Eight Fridges, Eight Stoves, One Washer, One Dryer
All Tentant Belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Oct 07, 2026
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated October 8, 2026 at 03:15 AM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.