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Royal LePage
Royal LePage
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$425,000

Chatham-Kent (Chatham) ON, N7M 1R9

MLS® # X12128304

Property Information:

Opportunity Knocks at the Corner of Lorne & Raleigh! Welcome to this rarely offered commercial 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: Multi-Family
  • Floor Space: 2200 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 2200 Square Feet
  • Irregular: Yes
  • Lot Depth: 94.4 Feet
  • Lot Frontage: 73.3 Feet
  • Lot Size: 73.28 x 94.46 FT
  • Zoning: RL3
  • No. of Parking Spaces: 1

REALTOR.ca  

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⚠ Potential Investment Performance

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

Demographic Information of 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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