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48 - 50 LORNE AVENUE Chatham-Kent

48 - 50 LORNE AVENUE, Chatham-Kent, Ontario

$349,000

  • 5 Beds
  • 4 Baths

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:50212)

  • Listing ID: X12907100
  • Property Type: Multi-family

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Details

  • Equipment: Water Heater, Furnace
  • Parking Spaces: 1
  • Rental Equipment: Water Heater, Furnace
  • Transaction: For sale
  • Zoning Description: RL3

Building

  • Appliances: Stove, Refrigerator
  • BasementType: N/A (Partially finished)
  • Basement Development: Partially finished
  • Bedrooms Main Level: 5
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Concrete
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 2500 - 3000 sqft
  • Stories Total: 2
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Size Frontage: 72 ft ,2 in
  • Size Irregular: 72.2 x 93.4 FT
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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 48 - 50 LORNE AVENUE in Chatham-Kent Ontario. It was last modified on March 22nd, 2026. Contact The TanTeam to schedule a viewing or to discover other Chatham-Kent real estate for sale.

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