Unknown for 88 Lorne Ave, Chatham Ontario N7M 1R9
1 day on Market

88 Lorne Ave, Chatham, Ontario N7M 1R9

Detached
3
1
- sqft
$199,900
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Detached
3
1
- sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

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Description

HIGH CASH FLOW POTENTIAL!! This fixer upper is full of opportunity and being sold as is, making it an ideal project for investors or buyers ready to bring their vision to life. Strong ROI potential — property previously rented at nearly twice the monthly expenses, delivering an 100% return on holding costs. Great opportunity for flippers or buy & hold investors. Key improvements have already been made, including updated plumbing (2023) and updated electrical throughout (2023) — a solid foundation for your renovation plans. With major systems already addressed, this property offers a head start on your next investment or custom project. Motivated seller – all reasonable offers will be considered. Don’t miss out on this great investment opportunity — schedule your showing today and imagine the possibilities!


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number25017191
Community NameChatham
Data SourceWESC
Listing bySTAKE REALTY INC.

Features

Heating: Forced Air,Furnace
Basement: Full, Unfinished

MAIN LEVEL Floor

4 PC. BATHROOM

BEDROOM

KITCHEN

DINING ROOM


Property History

Jul 10, 2025
ListedActive
$199,900
1 day on market
history photo preview14
Listing by wesc®
Property listed by STAKE REALTY INC., Brokerage
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Market Data - Chatham

Geo Zone Map ThumbnailChatham

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

15 days

Compared to

2024

19 days

2023

41 days

2022

16 days

New Listings

Past 30 days

94 listings

Compared to

2024

67 listings

2023

46 listings

2022

15 listings

Units sold

Past 30 days

2 units

Compared to

2024

6 units

2023

4 units

2022

4 units

Median Sold Price

Past 30 days

$420,000

Compared to

2024

$679,950

2023

$236,150

2022

$287,500


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