$1
For sale: Multiplex

$1 LISTING MOTIVATED SELLER! Attention investors, entrepreneurs and buyers looking for a flexible live/work opportunity in Wallaceburg. This prominent corner property near downtown offers excellent visibility, multiple private entrances, approximately 1,738 sq. ft., five parking spaces and residential/commercial potential.The property provides three functional areas. The main residential portion features four bedrooms, separate living and dining rooms, a bright eat-in kitchen and a spacious bathroom with double-sink vanity. A private ground-level suite with its own entrance, washroom and parking may be suitable for guests, extended family, a home office or rental use. The commercial-style section has a separate entrance, washroom, shower and laundry facilities, offering possibilities for an office, retail shop, café, bakery, takeout business, personal- service business or other permitted use.Recent improvements include newer flooring, upgraded washroom and shower areas, additional laundry facilities and a newer furnace and central air system valued at approximately $12,500. Residential furnishings and multiple appliances are included. A garden shed provides additional storage. The $1 list price is being used as a marketing strategy and does not represent the seller's expected sale price.
Sold data
Homes in Chatham-Kent (Wallaceburg) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 41, across 33 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 33 days.
The median sale price was $359,000.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 0% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 33 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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