1/45226 WELLINGTON STREET West, Chatham
226 WELLINGTON STREET West, Chatham, ON N7M1J6
Price on request
1,716 SF
Asset Class
Industrial
Size
1,716 SF
Building class
A
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
86%
Year Built
1950
Clear height
35 ft
Loading docks
2
About this property
Unique opportunity for a group of health professionals or complementary businesses to operate under one roof! This spacious 1,700+ sq. ft. commercial space features multiple rooms with sinks, making it ideal for doctors, nurses, therapists, physiotherapists, chiropractors, counsellors, wellness practitioners, and other healthcare professionals. Create your own professional shared space and reduce overhead by sharing common expenses, while maintaining your own individual practice or office, offering 5 offices, 1 kitchen, 2 baths. The flexible layout also allows for a group of complementary businesses to work together in one convenient location. Featuring upgraded flooring, on-site laundry, handicap-accessible entrance, ample parking, and excellent visibility, all in a centrally located property close to the downtown core. Lease amount $2200.00 + utilities (approx. $500.00 per month) (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$71K
Annual cash flow
$-12K
Cash-on-cash
-2.69%
DSCR
0.85
Going-in cap
4.74%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 1,476 SF | 2030-10 |
Area demographics
Trade area within 3 miles of the property.
Population
133,083
Households
50,647
Median income
$90,500
Median age
40.6
Daytime population
224,486
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 226 WELLINGTON STREET West, Chatham.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.