106 LORNE AVENUE, Chatham-Kent, Ontario

$749,999

11 Beds
6 Baths

125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday September 20th from 12-2pm. Please confirm attendance. (id:50212)

Listing ID: X13785134
Property Type: Multi-family

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Details

Equipment: Dryer(s), Washer(s)
Parking Spaces: 6
Rental Equipment: Dryer(s), Washer(s)
Transaction: For sale

Building

Appliances: Water Heater, Stove, Refrigerator
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 11
Cooling: None
Exterior Finish: Concrete
Fireplace Present: True
Foundation: Block
Bathrooms (Total): 6
Heating: Baseboard heaters, Radiant heat
Heating Fuel: Electric
Size Interior: 3500 - 5000 sqft
Stories Total: 2.5
Type: Other
Utility Water: Municipal water

Land

Size Frontage: 89 ft
Size Irregular: 89 x 103.8 FT

Listing provided by MYSAK REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 106 LORNE AVENUE in Chatham Ontario. It was last modified on September 15th, 2026. Contact The TanTeam to schedule a viewing or to discover other Chatham homes for sale.

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