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Investment signal

$999,000

66 4th STREET

Beds

Baths

Sqft

Year

1910

About this home

The iconic Davis Block in Downtown Chatham has been fully renovated from top to bottom and offers an exceptional mixed-use investment opportunity. Situated on a high-traffic corner, the property features two main floor commercial units, currently tenanted by a yoga studio and a marketing company. Both spaces showcase exposed brick, original tin ceilings, and high-end finishes that blend character with modern appeal. Each unit also benefits from basement access with a washroom and ample storage. Upstairs, you’ll find two fully renovated residential units, including one 3-bedroom and one 2-bedroom. One unit is currently tenanted, while the other offers flexibility for additional rental income or the option to live on-site and offset expenses. The property includes 2–3 designated rear parking spaces, along with abundant municipal parking nearby. As an added bonus, the prominent corner location generates additional income through an on-site billboard. A rare opportunity to own a standout, income-generating property in a prime downtown location. Message for interior photos. (id:65958)

Subtype
Industrial
MLS#
26008495
Area
CHATHAM
Negative cash flow ~$1,940/mo at these assumptions

Cash on cash

-11.65%

Cap rate

3.56%

GRM

16.6

Break-even rent

$7,042

Financing

Down payment$199,800
Loan amount$799,200
Mortgage$4,903/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458
Insurance$80
Maintenance$833
CapEx reserve$416
Vacancy loss$250

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,903/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.

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