48 - 50 Lorne Avenue Chatham-Kent, Ontario N7M 1R9

$349,000

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:55460)

Property Details

MLS® Number	X12907100
Property Type	Multi-family
Community Name	Chatham
Equipment Type	Water Heater, Furnace
Parking Space Total	1
Rental Equipment Type	Water Heater, Furnace

Building

Bathroom Total	4
Bedrooms Above Ground	5
Bedrooms Total	5
Appliances	Stove, Refrigerator
Basement Development	Partially Finished
Basement Type	N/a (partially Finished)
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Size Depth	93 Ft ,4 In
Size Frontage	72 Ft ,2 In
Size Irregular	72.2 X 93.4 Ft
Size Total Text	72.2 X 93.4 Ft
Zoning Description	Rl3

https://www.realtor.ca/real-estate/29500592/48-50-lorne-avenue-chatham-kent-chatham-chatham