1025 Richmond Street, Chatham-Kent, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Chatham-Kent. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,600,000 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
- Premium 200 x 1139.93 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Strategic 5.2-acre industrial investment and owner-user opportunity located along Chatham-Kent's premier commercial-industrial corridor. Situated less than 5 km from Highway 401 (Exit 81), the property offers exceptional access to regional and cross-border transportation routes, making it ideal for logistics, equipment sales, service operations, warehousing, and industrial users.The site features excellent frontage and exposure on Richmond Street, a rapidly developing commercial node anchored by major regional destinations including the John D. Bradley Convention Centre and Cascades Casino. The property is designated Industrial (I) under the Chatham-Kent Zoning By-law, permitting a broad range of industrial and commercial uses including equipment dealerships, manufacturing, heavy vehicle repair, warehousing, and distribution facilities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1025 Richmond Street, Chatham-Kent, ON N7M 5J5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Chatham-Kent, ON
For a property listed at $3,600,000 in Chatham-Kent, the legal minimum down payment is $720,000 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 $76,475 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 $76,475.
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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.
