Primary photo of 50 LORNE AVENUE, Chatham-Kent (Chatham)
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Fourplex For Sale

$349,000

50 LORNE AVENUE

MLS® Number: X12907100

Bedrooms

5

Bathrooms

4

About This Property

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.

Property Details

Interior Details

Appliances

Refrigerator, Stove

Basement

Partially finished, N/A

Bathrooms Total

4

Bedrooms Total

5

Cooling

None

Heating

Forced air, Natural gas

Building & Exterior

Exterior Features

Brick

Foundation Details

Concrete

Parking Features

No Garage

Stories

2.0

Land & Location

City Region

Chatham

Frontage Length

72.2 feet

Lot Size Dimensions

72.2 x 93.4 FT

Postal Code

N7M1R9

Listing & Financials

Listing Office

EXP REALTY

Originating System Name

Toronto Regional Real Estate Board

Other Specifications

Country

Canada

Parking Total

1

Mortgage Calculator

20% ($69,800)
5.5%
25 Years

Estimated Monthly Payment

$1,715

Principal and interest only. Actual rates may vary.

Location & Map

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List Property50 LORNE AVENUE - Fourplex for Sale in Chatham-Kent (Chatham), Ontario | MLS® X12907100