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:61852)
Property Details
| MLS® Number | X12907100 |
| Property Type | Multi-family |
| Community Name | Chatham |
| EquipmentType | Water Heater, Furnace |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | Water Heater, Furnace |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Stove, Refrigerator |
| BasementDevelopment | Partially Finished |
| BasementType | N/a (partially Finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| SizeDepth | 93 Ft ,4 In |
| SizeFrontage | 72 Ft ,2 In |
| SizeIrregular | 72.2 X 93.4 Ft |
| SizeTotalText | 72.2 X 93.4 Ft |
| ZoningDescription | Rl3 |
https://www.realtor.ca/real-estate/29500592/48-50-lorne-avenue-chatham-kent-chatham-chatham
Interested?
Contact us for more information
Falesha Raquel Walters
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
Jade Barkie
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 22 2026 05:11:33
Toronto Real Estate Board
Exp Realty