48 - 50 LORNE AVENUE, Chatham-Kent (Chatham)

2025-05-06
 

Quick Summary

Location
48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario N7M1R9
Price
$425,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2000 - 2500 sqft
Bedrooms:
6
Bathrooms:
4

MLS®#X12128313

Property Description

Opportunity Knocks at the Corner of Lorne & Raleigh! Welcome to this rarely offered fourplex in the heart of Chatham, perfectly situated on a prominent corner lot at Lorne Ave and Raleigh St. This fully detached building features four self-contained residential units, offering immediate income with room to grow. This is an excellent opportunity for investors looking to add value through future updates and exploration of the property's long-term potential. Zoned appropriately for multi-residential use, this property invites the next owner to bring their vision and capitalize on a solid, income-generating asset. Located close to schools, parks, transit, and just minutes from downtown Chatham. Don't miss your chance to secure a multi-unit property with strong upside in a growing community. (id:32467)

Property Features

Building

  • Amenities: Separate Heating Controls
  • Appliances: Stove, Refrigerator
  • Basement Type: Crawl space
  • Cooling Type: None
  • Exterior Finish: Brick
  • Fireplace: No
  • Flooring Type: Hardwood, Tile
  • Interior Size: 2000 - 2500 sqft
  • Building Type: Fourplex
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 73.3 x 94.5 FT
  • Sewer: Sanitary sewer

Structure

  • Structure: Porch

Zoning

  • Description: RL3

Information entered by ROYAL LEPAGE FRANK REAL ESTATE
Listing information last updated on: 2025-10-23 00:24:22


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

One Percent Realty's top FAQs

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What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

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What do you charge?

We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.

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