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48 50 Lorne Avenue
Chatham Chatham-Kent N7M 1R9

$349,000
Residential Freehold beds: 5 baths: 4.0

Main Photo: 48 50 Lorne Avenue in Chatham-Kent: Chatham House for sale : MLS®# X12907100
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X12907100
Bedrooms:
5
Bathrooms:
4
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.
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
2-Storey
Total Approx Floor Area:
2500-3000
Lot Depth:
93'4"
Lot Frontage:
72'3"
Direction Faces:
West
Bedrooms:
5
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
5
Kitchens Above Grade:
4
Rooms Above Grade:
17
Zoning:
RL3
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Partially Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
None
Parking Spaces:
1
Total Parking Spaces:
1.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$3,238 / 2025
Assessment:
$- / 2025
Chatham-Kent
Chatham-Kent
Chatham
None
3 HWTs, 2 Furnaces
4 Stoves, 4 Fridges, Furnaces (2 rental, 1 owned), 1 Electric Wall Heater, HWTs (1 owned, 3 rental), All Electrical Fixtures
Brick
Energy Certification:
No
Green Property Information Statement:
No
Special Designation:
Unknown
Sewers:
None
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Mar 22, 2026
Original Price:
Previous Price:
  • Photo 1: 48 50 Lorne Avenue in Chatham-Kent: Chatham House for sale : MLS®# X12907100
    Photo 1 of 1
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Listed by EXP REALTY
Data was last updated April 4, 2026 at 06:15 AM (UTC)
ANDREW JOHN COCKS
LAURA BLAKEY
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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