50 Lorne Avenue
Chatham, Chatham-Kent, N7M 1R9
FOR SALE
$349,000

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5
BEDROOMS4
BATHROOMS4
KITCHENS17
ROOMSX12907100
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Property 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.
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Property Features
None, None
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Property Details
Address
50 Lorne Avenue
Community
City
Postal Code
N7M 1R9
Property Type
Fourplex, Fourplex
Zoning
RL3
Lot Size
72' x 93'
Acreage
6,899.7 Feet
Taxes
$3,238 (2025
Basement
Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Exp Realty
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