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RE/MAX Real Estate Centre Inc., Brokerage *

Krishna Bhure Bhure
Sales Representative & Broker
Office Phone: 519-623-6200
Direct: 519-222-7777
www.krishnabhure.com

RE/MAX Real Estate Centre Inc., Brokerage *
Pic_of_house
Status:
For Sale
Property Price:
$2,100,000
Property Type:
Multi-3 Unit
Bedrooms:
4
Bathrooms:
5
Central A/C: 
Yes
Cross Street:
Park
Heating:
Forced Air
Exterior:
Brick,Shingle Si,
Tax:
$24398.00
Garage Type:
Exclusive,In/Out Parking,Asphalt
Park spaces:
50
Water:
Municipal-Metered
House Size:
16000
Remarks:

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.

Freezer,Hot Water Tank Owned,Window Coverings,Commercial Washer/Dryer, Commercial Dishwasher, 2 Commercial Gas Stoves, 2 Commercial Fridges, commercial Ice Machine, Alarm System, Fridge, Stove, Dishwasher, Washer & Dryer Lower apt., Fridge, Stove, Washer & Dryer Upper Apt.

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Krishna Bhure Bhure, Sales Representative & Broker

RE/MAX Real Estate Centre Inc., Brokerage *

Krishna Bhure Bhure
Sales Representative & Broker
Office Phone: 519-623-6200
Direct: 519-222-7777
www.krishnabhure.com

RE/MAX Real Estate Centre Inc., Brokerage *
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