50 Lorne Avenue

FOR SALE
$349,000
50 Lorne Avenue, Chatham-Kent
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5
BEDROOMS
4
BATHROOMS
4
KITCHENS
17
ROOMS
X12907100
MLSID
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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.
Property Features
None, None
Property Details
Address
50 Lorne Avenue
Community
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
Listing contracted with Exp Realty
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