50 Lorne Avenue, Chatham-Kent, ON N7M 1R9
Chatham-Kent, ON, N7M 1R9 · Chatham
About this property
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.
Features & Amenities
- Basement: Partially Finished
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: None
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Lot Size | 6,900 Feet |
| Basement | Partially Finished |
| Garage | None |
| Parking Spaces | 1 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | None |
| Annual Tax | $3,238 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Partially Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Parking Features
- None
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 6899.66
- Lot Size Units
- Feet
- Lot Depth
- 93.35
- Lot Width
- 72.22
Financial & Tax
- Tax Annual Amount
- $3,238
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- TBD
Utilities & Services
- Sewer
- None
Room Details
- Rooms Above Grade
- 17
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Chatham-Kent
- Cross Street
- 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.
- Special Designation
- Unknown
- Showing Requirements
- Go Direct
Location
50 Lorne Avenue, Chatham-Kent, ON N7M 1R9, Chatham-Kent, ON, N7M 1R9