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Investment signal

$949,000

544 QUEEN STREET

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Beds

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Baths

Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Chatham-Kent (Chatham). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime Mixed-Use Investment Opportunity! Exceptional commercial/residential property in the heart of Chatham on high-traffic Queen Street. The spacious main floor boasts two separate street-facing entrances, offering flexibility to operate as one large unit or subdivide into two commercial spaces. The upper level consists of six fully leased residential apartments (4 1-bedroom, 2 2-bedroom), providing stable rental income. Additional highlights include: Full basement spanning the building's footprint with abundant storage potential. Detached single-car garage plus 7 surface parking spaces. Shared coin-operated laundry generating extra income. High visibility, strong cash flow, and multiple revenue streams make this an investment not to be missed! (id:65958)

Subtype: Retail
Community: Chatham
Living area: 0
Lot size: 0.15 acres
Lot dimensions: 0.145
Parking: 7 total
On market: Apr 7, 2026
Status changed: Apr 24, 2026
Annual tax: $8,088.6
Zoning: Commercial (CC)
Photos: 25
MLS#: X12964496
Area: CHATHAM-KENT_(CHATHAM)

Features and systems

Heating

Forced airNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$1,035/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.55%

Cap rate

3.55%

GRM

16.6

Break-even rent

$5,840

Financing

Down payment$189,800

Loan amount$759,200

Mortgage$3,847/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435

Insurance$80

Maintenance$791

CapEx reserve$395

Vacancy loss$238

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $3,847/mo at 4.5% with 20% down, 30-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 24, 2026.