106 Lorne Avenue
Chatham-Kent, N7M 1S1
FOR SALE
$749,999
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➧
Investment
CATEGORY 89 x 103.75
LOT SIZE X13785124
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Property Description
125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday, September 20th from 12-2pm. Please confirm attendance.
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Property Details
Address
106 Lorne Avenue
Community
City
Postal Code
N7M 1S1
Property Type
Investment, Investment
Use
Apartment
Zoning
RL3
Lot Size
89' x 104'
Taxes
$7,216 (2025
Heat Type
Baseboard
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Mysak Realty Inc.
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