Home with brick exterior material, street for 50 Lorne Ave #48, Chatham-Kent Ontario N7M 1R9
22 hours on Market

50 Lorne Ave #48, Chatham-Kent, Ontario N7M 1R9

Townhouse
6
4
~2000-2500 sqft
$460,000
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Townhouse
6
4
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$207/sqft

Est. Mortgage$1,976/mo

Tax Amount (2024)$3,238/yr

Days On Market22 hours


Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size6,922 SqFt(94.46 x 73.28)
Parking Spaces1
MLS ®NumberX12128313
Community NameChatham
Data SourceTRREB
Listing byROYAL LEPAGE FRANK REAL ESTATE

Features

Heating: Forced Air
Basement: Crawl Space

2nd Floor

Br

4.37 x 3.95

Hardwood Floor

Bathroom

1.62 x 2.59

4 Pc Bath / Tile Floor

Kitchen

2.85 x 3.0

Br

4.26 x 1.57

Hardwood Floor


Features

Lot size: 6,922 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property History

May 6, 2025
ListedActive
$460,000
22 hours on market
history photo preview11
Listing by trreb®
Property listed by ROYAL LEPAGE FRANK REAL ESTATE, Brokerage
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Market Data - Chatham

Geo Zone Map ThumbnailChatham

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2024

0 day

2023

21 days

New Listings

Past 30 days

5 listings

Compared to

2024

5 listings

2023

2 listings

Units sold

Past 30 days

2 units

Compared to

2024

0 unit

2023

1 unit

Median Sold Price

Past 30 days

$642,500

Compared to

2023

$565,000


Population and Demographics

Overview

Total population 42225
Average household income $97,645

Age (%)

65 and plus
23%
0 to 19
21%
50 to 64
21%
35 to 49
17%
20 to 34
17%

Household composition (%)

Single family
61%
Single person
35%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
91%
Others
5%
French
2%

House tenancy (%)

Owners
62%
Renters
38%

Schools and amenities

Estimated Budget