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.
Address
48 - 50 Lorne Avenue
List Price
$349,000
MLS® Status
New
Expiration Date
2026-09-20
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Chatham-Kent
Sub-Area
Chatham
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
17
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
93.35
Lot Size Units
Feet
Lot Width
72.22
Parcel Number
005070047
Occupant Type
Tenant
Cross Street
Lorne & Raleigh
MLS® Number
X12907100
Listing Brokerage
EXP REALTY
Basement Area
Partially Finished
Postal Code
N7M 1R9
Posession Details
TBD
Parking
None
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$3,238.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 1-2 BLK D PL 10 AS IN 616167; CHATHAM-KENT
Waterfront
No
Sewer
None
