48 - 50 Lorne Avenue Chatham-Kent, Ontario N7M 1R9
$349,000
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:56248)
Property Details
| MLS® Number | X12907100 |
| Property Type | Multi-family |
| Community Name | Chatham |
| Equipment Type | Water Heater, Furnace |
| Parking Space Total | 1 |
| Rental Equipment Type | Water Heater, Furnace |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Stove, Refrigerator |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Size Depth | 93 Ft ,4 In |
| Size Frontage | 72 Ft ,2 In |
| Size Irregular | 72.2 X 93.4 Ft |
| Size Total Text | 72.2 X 93.4 Ft |
| Zoning Description | Rl3 |
https://www.realtor.ca/real-estate/29500592/48-50-lorne-avenue-chatham-kent-chatham-chatham
Interested?
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March 22 2026 05:11:33
Toronto Regional Real Estate Board
Exp Realty