For sale

$429,990

Est. $2,039/mo

Land

•

11,563

sq ft

172 & 178 William St South, Chatham, ON N7M 4S9

About this home

Exceptional opportunity to acquire a development-ready 10-unit purpose-built rental project at 172-178 William St S, Chatham. Offered at $429,990 with an independent as-constructed appraisal of $3.27M. Zoning approved under site-specific RM1-1784 (By-law 41-2026) for a proposed 3-storey, 8,456 SF building on a 0.26-acre corner site with 12 parking stalls. Unit mix: 6 x 3-bed/2-bath, 1 x 2-bed/2-bath, 2 x 2-bed/1-bath & 1 affordable bachelor. Suites feature in-suite laundry, balcony/patio & separate metering. Designed to target 100 points under CMHC MLI Select through affordability & energy efficiency. Extensive pre-development work complete/substantially advanced including architectural, structural, mechanical, plumbing, civil servicing, energy modelling, geotechnical & Phase I ESA. Zoning is in place with drawings advanced toward building permit. Full appraisal, drawings, reports & due diligence package available to qualified purchaser. (id:51075)

Vacant landProperty Type

Listed by CLIANTHA CANDIDA FERNANDES • RE/MAX MILLENNIUM REAL ESTATE

Listing updated: Aug 24, 2026 at 11:09am

Redfin checked: an hour ago

•Source:CREA #X13705856

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Property details

Exterior

Exterior features
1,138 feet of frontage

Home design
Commercial property with 11,563 square feet of building area

Sale and tax history for 172 & 178 William St South

Sale History
Tax History

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Public record

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Last updated by owner on Apr 30, 2024.

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