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122 William Street S Chatham, Ontario N7M 4S8

4 Bedroom 5 Bathroom 16000
Central Air Conditioning Forced Air

$2,100,000

One for your investment portfolio or possible family run business...Decommissioned as a church, this breathtaking property features original non-religious stained glass throughout with 19th century hand crafted woodwork & was proudly honored with the Mayor's Heritage Award the year they first opened & is currently home to a thriving business used for concerts, weddings, and corporate functions. If that weren't enough to pique your interest it is supported by two legal non-conforming 2-bedroom 1 bath apartments w/in suite laundry that frankly boast more sqft. than some homes (1938 & 1672 sqft.) separated from the Event Centre all within step of Chathams revitalized downtown core. Consisting of 3 floors the first being the Main Auditorium with bar area, fully updated men's & women's washrooms w/multiple stalls & urinals including wheelchair access as well as a full kitchen, staff bathroom, office and utility rooms. The fabulous second floor Auditorium has an exposed cathedral ceiling w/working organ, main stage & bar area. The 3rd level is a grand upper balcony area w/multiple seating for overlooking the multiple 2nd floor events that may be occurring. Transitioning between the floors are two separate staircases at the front and back of the Auditoriums along with a fully functioning and regularly inspected & certified elevator. Speaking of floors throughout the property you'll find beautiful carpeting, LVT, laminate, ceramic and clay tiles. Boasting a very conservative cap rate of over 8% this majestic property allows for multiple revenue streams with a current zoning of Institutional. This Event Centre has been updated & preserved where need be for the potential savvy investor to buy with confidence. Updates include roof, electrical, plumbing & HVAC 2015 w/paved & painted parking lot for up to 50 cars. Layout plans of the property along with zoning information & financials can be provided upon request. (id:46857)

Property Details

MLS® Number 40345087
Property Type Multi-family
Amenities Near By Airport, Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features Community Centre
Features Corner Site, Park/reserve, Golf Course/parkland, Paved Driveway
Parking Space Total 50

Building

Bathroom Total 5
Bedrooms Total 4
Appliances Freezer, Window Coverings
Basement Development Finished
Basement Type Full (finished)
Construction Material Wood Frame
Cooling Type Central Air Conditioning
Exterior Finish Brick, Wood, Shingles
Fire Protection Smoke Detectors, Alarm System, Security System
Heating Type Forced Air
Stories Total 3
Size Interior 16000
Type Triplex
Utility Water Municipal Water

Parking

Visitor Parking

Land

Access Type Highway Nearby
Acreage No
Land Amenities Airport, Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 159 Ft
Size Frontage 202 Ft
Size Total Text Under 1/2 Acre
Zoning Description Institutional

https://www.realtor.ca/real-estate/25036081/122-william-street-s-chatham

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