Listed by Exp Realty.

48-50 Lorne Avenue is a Fourplex, 2-Storey and is currently for Sale @ $349,000. Taxes in 2025 were $3,238.00.

More homes for sale under 300k in Chatham-Kent

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 2-Storey on 48-50 Lorne Avenue has 5 bedrooms, 4 bathrooms, and is located on a 93.35 x 72.22 ft lot in the community of Chatham . 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.

4 Stoves, 4 Fridges, Furnaces (2 rental, 1 owned), 1 Electric Wall Heater, HWTs (1 owned, 3 rental), All Electrical Fixtures

The address 48-50 Lorne Avenue was listed for sale (MLS# X12907100) on Saturday, March 21, 2026.