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

Listed for:
$349,000
5 beds
4 baths
Listed 16 days ago
Fourplex for rent: 48 - 50 Lorne Avenue, Chatham-Kent, Ontario N7M 1R9

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About

Cross Streets: Lorne & Raleigh. ** Directions: From Lacroix St head south towards Richmond St. Turn left and head east onto Richmond St. Turn right and head south onto Raleigh St. The property will be on the right, in the intersection of Lorne Ave and Raleigh St. 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:27476)

Property Highlights

MLS® Number
X12907100
Type
Multi-family
Community Name
Chatham
Land Size
72.2 x 93.4 FT
Parking Space Total
1

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
2500 - 3000 sqft
Bathrooms Total
4
Bedrooms Above Ground
5
Bedrooms Total
5
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Partially finished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
EXP REALTY
MLS® number:
X12907100
Agent:
Falesha Raquel Walters
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