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Royal LePage
Royal LePage
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$425,000

Chatham-Kent (Chatham) ON, N7M 1R9

MLS® # X12128313

Property Information:

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. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities: Separate Heating Controls
  • Basement Type: Crawl space
  • Exterior Finish: Brick
  • Floor Space: 2000 - 2500 sqft
  • Flooring Type: Hardwood, Tile
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 94.5 Feet
  • Lot Frontage: 73.3 Feet
  • Lot Size: 73.3 x 94.5 FT
  • Structure Type: Porch
  • Zoning: RL3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 1

Rooms:

  • Living 2nd Level 3.08 m x 4.21 m
  • Bathroom 2nd Level 1.62 m x 2.59 m
  • Bedroom 2nd Level 4.37 m x 3.95 m
  • Kitchen 2nd Level 2.85 m x 3.00 m
  • Bedroom 2nd Level 4.26 m x 1.57 m
  • 2nd Bedroom 2nd Level 3.33 m x 2.48 m
  • Living Ground Level 3.15 m x 1.78 m
  • Living Ground Level 3.98 m x 3.96 m
  • Kitchen Ground Level 3.94 m x 3.08 m
  • Bathroom Ground Level 1.67 m x 2.38 m
  • Bedroom Ground Level 4.20 m x 1.00 m
  • Bedroom Ground Level 1.93 m x 2.18 m
  • 2nd Bedroom Ground Level 3.46 m x 2.15 m
  • Bathroom Ground Level 2.32 m x 2.37 m
  • Kitchen Ground Level 2.39 m x 2.21 m
  • Living Ground Level 3.66 m x 5.05 m
  • Kitchen Ground Level 3.92 m x 3.12 m
  • Bathroom Ground Level 1.60 m x 2.06 m

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⚠ Potential Investment Performance

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Location of 48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9

Demographic Information of 48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,763.78

Average Number of Children

1.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.67 %

High school certificate or equivalent

37.03 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

22.51 %

University Degree

5.28 %

Commuter

Travel To Work

By Car

88.26 %

By Public Transit

2.56 %

By Walking

8.27 %

By Bicycle

0.0 %

By Other Methods

0.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.27 %

Houses

69.73 %

Own Vs. Rent

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