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550 Park Av W 231 Unit Apartment Building For Sale Chatham, ON N7M 0S6
Investment Highlights
- Amenities include Pool; Recreation / Party Room; BBQ / lounge area outside; large front lobby
- This is a heritage building with state of the art finishes and character
Executive Summary
This investment offers a compelling opportunity with substantial, existing rental income. With high occupancy rates and the potential for rent growth in the competitive Chatham rental market, Park Place Luxury Apartments represents a secure, high-return investment in an area that is rapidly appreciating.
Property Facts
| Sale Type | Investment | Lot Size | 5.40 AC |
| No. Units | 231 | Building Size | 276,710 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Sale Type | Investment |
| No. Units | 231 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 5.40 AC |
| Building Size | 276,710 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2021 |
| Parking Ratio | 0.98/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Tenant Controlled HVAC
- Smoke Free
- Lounge
- Smoke Detector
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550 Park Av W
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