50 LORNE AVENUE Unit 48, Chatham-Kent (Chatham), ON N7M1R9
Chatham
Key Facts
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:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Parking Spaces
1
Listing #
X12907100
Property Features
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
Affordability Calculator
$69,800
Estimated monthly payment
$1,858/mo
Principal $279,200 · Est. interest $389,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chatham-Kent, ON
- CA$464,706
- Median Listing Price
- 42
- Median Days on Market
- 1,463
- Median Sq Ft
- CA$340
- Median Price / Sq Ft
- 491
- Active Listings
- This home’s price is 25% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chatham-Kent, ON.
Location
- 50 LORNE AVENUE Unit 48, Chatham-Kent (Chatham), ON N7M1R9
Nearby Schools
Adventure Hours Nursery School
School · 0.6 km away
Victor Lauriston Public School
School · 0.8 km away
Children's Village Day Care Centre
School · 1.0 km away
Queen Elizabeth II Elementary School
Elementary · 1.0 km away
Montessori the Place To Grow
Elementary · 1.0 km away
St. Ursula Catholic School
School · 1.1 km away
Kids' Stuff-the Family Learning Centre on the Thames
School · 1.2 km away
Darul Uloom Canada
School · 1.2 km away
Ursuline College.
Secondary School · 1.3 km away
John McGregor Secondary School
Secondary · 1.9 km away
John N Given School
School · 2.0 km away
Chatham Christian School
School · 2.1 km away
King George VI Public School
School · 2.3 km away
Indian Creek Road Public School
School · 2.4 km away
Tecumseh Public School
School · 2.4 km away
Monsignor Uyen Elementary School
Elementary · 2.4 km away
Chatham Kent Secondary School
Secondary · 2.6 km away
McNaughton Avenue Public School
School · 3.0 km away
Eben-Ezer Christian School
School · 3.1 km away
Kids' Stuff
School · 3.2 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Chatham-Kent (Chatham)
Listing Courtesy: EXP REALTY
Data Terms of Use
This website is operated by EXP REALTY, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, EXP REALTY, and CREA.
Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.
Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.
Amendments
EXP REALTY may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.