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$ 425,000
Est. payment /mo
Price Dropped by $35K
50 Lorne AVE Chatham-kent, ON N7M 1R9
2,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $193
Subdivision Chatham
MLS Listing ID X12128304
Annual Tax Amount $3,238
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Chatham-kent
Community Chatham
Area Chatham-Kent
Zoning RL3
Interior
Cooling No
Inclusions 4 Stoves, 4 Fridges, Furnaces (2 rental, 1 owned), 1 Electric Wall Heater, HWTs (1 owned, 3 rental), All Electrical Fixtures
Exterior
Utilities Available Yes
Lot Frontage 73.28
Lot Depth 94.46
Listed by ROYAL LEPAGE FRANK REAL ESTATE