$349,000
3.75 BTC
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50 Lorne Avenue, Chatham-Kent
$349,000
PRICE
5
BEDROOMS
4
BATHROOMS
X12907100
MLSID

50 Lorne Avenue, Chatham-Kent

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.
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Summary

Address
50 Lorne Avenue
Community
MLSID
X12907100
Property Type
Fourplex
Property Category
Bedrooms
5
Bathrooms
4
Kitchens
4
Zoning
RL3
Taxes (Annual)
$3,238.00
Tax Year
2025
Published
March 22, 2026
Days on Market
65 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

Details

Basement
Partially Finished
Interior Features
None
Parking Spaces
1
Parking Total
1
Parking Features
None
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Size
6,900 Acres
Lot Width
72 Feet
Lot Depth
93 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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