48 - 50 Lorne Avenue

Chatham

48 - 50 Lorne Avenue
48 - 50 Lorne Avenue
48 - 50 Lorne Avenue
1/1
5
 bed
4
 bath
1
 parking
2500 - 3000
 sqft
Fourplex
$349,000
For Sale
4 hours
 on site
$349,000
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Size
-
Lot size
6899 sqft
Street frontage
-
Possession
Immediate
Price per sqft
$116 - $140
Taxes
$3,238 (2025)
Parking Type
-
Style
2-Storey
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Description
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.
Broker: EXP REALTY
MLS®#: X12907100
Property details
Parking:
Yes
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
2500-3000 sqft
Lot front:
72 Ft
Lot depth:
93 Ft
Listed on:
Mar 22, 2026
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Instant estimate:
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$27,841
lower than listed price
i
High
$341,792
Mid
$321,159
Low
$312,422
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About 48 - 50 Lorne Avenue

48 - 50 Lorne Avenue is a Chatham fourplex for sale. 48 - 50 Lorne Avenue has an asking price of $349000, and has been on the market since March 2026. This 2500-3000 sqft fourplex has 5 beds and 4 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this fourplex.

Getting around the area will require a vehicle, as there are no nearby transit stops.