$425,000
2.69 BTC
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50 Lorne Avenue 48, Chatham-Kent
$425,000
PRICE
6
BEDROOMS
4
BATHROOMS
X12128313
MLSID

50 Lorne Avenue 48, Chatham-Kent

Opportunity Knocks at the Corner of Lorne & Raleigh! Welcome to this rarely offered fourplex in the heart of Chatham, perfectly situated on a prominent corner lot at Lorne Ave and Raleigh St. This fully detached building features four self-contained residential units, offering immediate income with room to grow. This is an excellent opportunity for investors looking to add value through future updates and exploration of the property's long-term potential. Zoned appropriately for multi-residential use, this property invites the next owner to bring their vision and capitalize on a solid, income-generating asset. Located close to schools, parks, transit, and just minutes from downtown Chatham. Don't miss your chance to secure a multi-unit property with strong upside in a growing community.
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Summary

Address
50 Lorne Avenue 48
Community
MLSID
X12128313
Property Type
Fourplex
Property Category
Bedrooms
6
Bathrooms
4
Kitchens
4
Zoning
RL3
Taxes (Annual)
$3,394.41
Tax Year
2025
Published
May 6, 2025
Days on Market
107 Days
Possession Type
Immediate
Possession Details
Tbd
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Inclusions

4 Stoves, 4 Fridges, Furnaces (2 rental, 1 owned), 1 Electric Wall Heater, HWTs (1 owned, 3 rental), All Electrical Fixtures

Exclusions

Tenants' personal belongings, Window Coverings

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Main Level
Bathroom 3
3-Piece Main Level
Bathroom 4
4-Piece Second Level
Parking Spaces
1
Parking Total
1
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle, Flat
Construction Materials
Brick
Lot Size
0
Lot Width
73 Feet
Lot Depth
94 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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