Exceptional opportunity to acquire a development-ready 10-unit purpose-built rental project at 172-178 William St S, Chatham. Offered at $429,990 with an independent as-constructed appraisal of $3.27M. Zoning approved under site-specific RM1-1784 (By-law 41-2026) for a proposed 3-storey, 8,456 SF building on a 0.26-acre corner site with 12 parking stalls. Unit mix: 6 x 3-bed/2-bath, 1 x 2-bed/2-bath, 2 x 2-bed/1-bath & 1 affordable bachelor. Suites feature in-suite laundry, balcony/patio & separate metering. Designed to target 100 points under CMHC MLI Select through affordability & energy efficiency. Extensive pre-development work complete/substantially advanced including architectural, structural, mechanical, plumbing, civil servicing, energy modelling, geotechnical & Phase I ESA. Zoning is in place with drawings advanced toward building permit. Full appraisal, drawings, reports & due diligence package available to qualified purchaser. (id:13843)
| MLS # | X13705856 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 79 |
| Listing Provided By | RE/MAX MILLENNIUM REAL ESTATE | CLIANTHA CANDIDA FERNANDES |
| SQ Feet | 11,563 |
|---|---|
| Zoning | RL3 |
| Fireplace Yes / No | No |
|---|
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 448.9 |
|---|
| Province | ON |
|---|---|
| City | Chatham-Kent |
| Postal Code | N7M4S9 |
| Listing VS Median (in N7M4S9) | |
Price: $429,990 low | high Med: $964,495 sqft: 11,563 low | high Med: 8,982 $ / sqft: $37 low | high Med: $136 On site: 79 low | high Med: 169.5 | |
| Province | ON |
|---|---|
| City | Chatham-Kent |
| Postal Code | N7M4S9 |
| Listing VS Median (in N7M4S9) | |
Price: $429,990 low | high Med: $964,495 sqft: 11,563 low | high Med: 8,982 $ / sqft: $37 low | high Med: $136 On site: 79 low | high Med: 169.5 | |