For Sale

53 McNaughton Avenue, Chatham-Kent, Ontario N8A 1R9

$1,990,000

53 McNaughton Avenue, Chatham-Kent, Ontario N8A 1R9 is For Sale and has a listing price of 1,990,000. The property is located in the Wallaceburg neighbourhood . It's been on the website for 63 Days.

  • MLS ID: X12034621
  • Office Name RE/MAX CROSSROADS REALTY INC.
Property Description

Rare Opportunity – Thriving Business With Property Included !! Don’t Miss This Once-In-A Lifetime Chance! A Well Established Chinese Restaurant In The Heart Of Wallaceburg’s Bustling Commercial District Is Now Available For Sale, Along With The Property. This Standalone Building Features: – A Successful Restaurant With A Proven Track Record Of Generation Over $1 Million In Annual Revenue. – Two Large Apartments On The Upper Floor, Offering Additional Rental Income Potential. – Ample Parking Space For Customers. – Prime Location Near The Hwy & U>S> Border, Benefiting From High Traffic and minimal Competition. – A Loyal Customer Base and All Necessary Equipment Included.- Full Liquor License, Suitable For Any Type Of Restaurant Or Food Business. High Return On Investment-Potential To Recover Costs Within 2 Years. Perfect For Young Entrepreneurs Or Business Partnerships Looking To Invest In A Profitable Venture. Don’t Miss Out On This Exceptional Opportunity!!

Property Details
  • MLS ID: X12034621
  • Price: $1,990,000
  • Lot Depth: 304.28
  • Transaction Types: For Sale
  • Ref ID: X12034621
  • Year Built: N/A
  • Dir / Cross St: Mcnaughton Ave/Reaume Ave
  • Status: Active
  • Tax Year: 2024
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
03/21/2025 X12034621 $1,990,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Wallaceburg
  • $487,054 Average List Price
    based on 1 year
  • 0 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 4.77 % Up
  • Sold (12mo) 6
  • Rented (12mo) 0

  • 1 Month Change -53.5%
  • 3 Month Change -46.2%
  • 6 Month Change -44.8%
Walkscore
Property Type Distribution
  • All Houses
    73.95%
  • Commercial
    21.53%
  • Condo
    3.57%
  • Land for Sale
    0.95%
Additional Details
  • Heat Type Y
  • Garage Type Other
  • Taxes: $12,500
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 21/03/2025 17:11:12
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