50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M1R9
MLS: X12907100 | Fourplex
$349,000
Property Description
Prime Corner Fourplex | High Upside | Motivated Seller Located at the high-visibility corner of Lorne Ave & Raleigh St, this fully detached fourplex presents a rare opportunity to secure a cash-flowing asset with immediate and future upside. The property features four self-contained residential units, delivering consistent income from day one, with clear potential to increase rents and overall value through strategic improvements. Zoned for multi-residential use, this asset is ideally positioned for investors looking to optimize returns, reposition the property, or capitalize on long-term growth in an expanding market. Surrounded by schools, parks, transit, and just minutes from downtown Chatham, the location supports strong tenant demand and long-term stability. The seller is highly motivated and open to offers, creating a strategic window for investors to acquire a well-located multi-unit property at a compelling value. Opportunities like this-combining location, income, and upside-are limited. Act quickly to secure this asset before it's gone. (id:64974)
Quick Facts
- Property Type: Fourplex
- Bedrooms: 5 (5 above)
- Bathrooms: 4
- Attached: Yes
- Parking: 1.0 space (No Garage)
- Frontage: 72 ft (22 m)
Costs
- Annual Taxes: $3,238.00 (2025)
Listing Provided by: EXP REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: None
- Basement: Partially finished, N/A
- Appliances: Refrigerator, Stove
Exterior & Construction
- Exterior: Brick
- Foundation: Concrete
- Water: Municipal water
Lot & Land
- Frontage: 72 ft (22 m)
- Zoning: RL3
Community & Neighbourhood
- Neighbourhood: Chatham
Listing Information
Listing History
MLS listing activity for 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M1R9 — dates reflect when changes were recorded in the DDF
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M1R9