Unit 48, 50 Lorne Avenue
Chatham-Kent (Chatham), ON N7M 1R9
- 5Bedrooms
- 4Bathrooms
- 1Parking
- 2500–3000Sq Ft
- $3,238Tax
- 72×93 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 48, 50 Lorne Avenue, Chatham-Kent, Chatham
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-03-21 | 2026-07-22 | Login to See Prices | Terminated | x12907100 |
| 2025-05-06 | 2026-01-22 | Login to See Prices | Expired | X12128313 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 48, 50 Lorne Avenue, Chatham-Kent, Chatham
Summarized Description
- Rare opportunity for a fully detached fourplex.
- Consistent income from four self-contained units.
- Potential to increase rents through improvements.
- High visibility corner location for tenant demand.
- Zoned for multi-residential use, ideal for investors.
- Surrounded by schools, parks, and transit access.
- Motivated seller creates strategic acquisition opportunity.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,238
- Land Transfer Tax Fee
- $3,710
Rental Items
- Rental Equipment
- 3 HWTs, 2 Furnaces
- Basement Type
- Partially Finished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 72.22 ft
- Lot Depth
- 93.35 ft
- Lot Size
- 6899.662
Inclusions
- Inclusions
- 4 Stoves, 4 Fridges, Furnaces (2 rental, 1 owned), 1 Electric Wall Heater, HWTs (1 owned, 3 rental), All Electrical Fixtures
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 1
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- None
- Bedrooms
- 5
- Washrooms
- 4
- Kitchens
- 4
Washrooms
- 3-piece
- Municipality
- Chatham-Kent
- Neighbourhood
- Chatham
- Main cross streets
- Lorne & Raleigh
- Zoning
- RL3
- Directions
- From Lacroix St head south towards Richmond St. Turn left and head east onto Richmond St. Turn right and head south onto Raleigh St. The property will be on the right, in the intersection of Lorne Ave and Raleigh St.
- MLS® number
- X12907100
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-22
- Listed on
- 2026-03-21
- Days on market
- 123 days
- Possession type
- Immediate
- Co-op commission
- 2.5
- Seller
- Listed by
- eXp Realty
Home Market Value
Current home valuation for Unit 48, 50 Lorne Avenue, Chatham-Kent, Chatham, Chatham-Kent, ON. Listed for $349,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for Unit 48, 50 Lorne Avenue, Chatham-Kent, Chatham
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$17,450
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $13,262 | $9,737 | $8,306 | $0 |
=Total mortgage | $344,812 | $323,837 | $304,956 | $279,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,684monthly | $1,581monthly | $1,489monthly | $1,363monthly |
Land Transfer Tax
$3,710
$3,710
Around this home
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