For Sale

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

$425,000

50 Lorne Avenue Unit# 48, Chatham-Kent, Ontario N7M 1R9 is For Sale and has a listing price of 425,000. The property is located in the Chatham-Kent . It's been on the website for 151 Days.

  • Fourplex
    Property Type
  • 6
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X12128313
  • Office Name ROYAL LEPAGE FRANK REAL ESTATE
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.

Property Details
  • Bedrooms: 6
  • MLS ID: X12128313
  • Bathrooms: 4
  • Price: $425,000
  • Lot Depth: 94.46
  • Transaction Types: For Sale
  • Ref ID: X12128313
  • Year Built: N/A
  • Approx Sqft: 2000-2500
  • Dir / Cross St: Lorne & Raleigh
  • Status: Active
  • Tax Year: 2025
  • Property Type: Fourplex
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
05/06/2025 X12128313 $425,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Chatham-Kent
  • $1,028,531 Average List Price
    based on 1 year
  • 53 New Listings
    based on 30 days
  • 76 Median Days on Market
    based on 1 year
  • List vs. Selling Price 300.82 % Up
  • Sold (12mo) 65
  • Rented (12mo) 11

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 82 Walk Score
    Very Walkable
  • 50 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    70.85%
  • Commercial
    22.33%
  • Condo
    6.14%
  • Land for Sale
    0.68%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 2-storey
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 1
  • Exterior Brick
  • Kitchen 4
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 4 # Pcs: 4
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Taxes: $3,394
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 06/05/2025 18:44:18
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