Home with brick exterior material, building for 50 Lorne Ave #48, Chatham-Kent Ontario N7M 1R9

50 Lorne Ave #48, Chatham-Kent, Ontario N7M 1R9

Townhouse
5
4
~2500-3000 sqft
$349,000
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Townhouse
5
4
~2500-3000 sqft

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Highlights

Property Estimate

Estimated valueNot available

Price/Sqft$128/sqft

Monthly cost

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Description

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 Details

Style2-Storey
View-
Age of property-
SqFt~2500-3000 SqFt
Lot Size6,741 SqFt(93.35 x 72.22)
Parking Spaces1
MLS ®NumberX12907100
Community NameChatham
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Basement: Part Fin

Features

Lot size: 6,741 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property History

Date unavailable
ListedActive
$349,000
< 1h on market
history photo preview1
Listing by trreb®
Property listed by EXP REALTY, Brokerage
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Market Data - Chatham

Geo Zone Map ThumbnailChatham

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2025

120 days

2024

0 day

2023

16 days

New Listings

Past 30 days

0 listing

Compared to

2025

1 listing

2024

3 listings

2023

1 listing

Units sold

Past 30 days

0 unit

Compared to

2025

1 unit

2024

0 unit

2023

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2025

$305,000

2023

$325,000


Population and Demographics

Overview

Total population 42225
Average household income $97,645

Age (%)

0 to 19
21%
20 to 34
17%
35 to 49
17%
50 to 64
21%
65 and plus
23%

Household composition (%)

Single family
61%
Single person
35%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
91%
Others
5%
French
2%

House tenancy (%)

Owners
62%
Renters
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget