50 Lorne Avenue Chatham-Kent, Ontario N7M 1R9

$460,000

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:59743)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12128304
Property Type	Multi-family
Community Name	Chatham
Parking Space Total	1

Building

Appliances	Stove, Refrigerator
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	2,200 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	94 Ft ,5 In
Size Frontage	73 Ft ,3 In
Size Irregular	73.28 X 94.46 Ft
Size Total Text	73.28 X 94.46 Ft
Zoning Description	Rl3

https://www.realtor.ca/real-estate/28268487/50-lorne-avenue-chatham-kent-chatham-chatham