For Sale: 106 Lorne Avenue, Chatham-Kent, ON - REW
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$749,999
11 bd • 6 ba • 3500 - 4999 sf • Multifamily
106 Lorne Avenue
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$749,999
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106 Lorne AvenueChatham-Kent, ON, N7M 1S1

  • 11 Bed
  • 6 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday September 20th from 12-2pm. Please confirm attendance. (id:63626)
Listed by: SAMUEL IUS, Salesperson, MYSAK REALTY INC.

Home facts and features

Price details
List Price
$749,999
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Gross Taxes for 2026
$7,216
Home facts
Bedrooms
11
Full Bathrooms
6
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Lot Size
89 ft x 103 ft (9238 ft²)
Depth
103.8 feet
Frontage
89.0 feet
Exterior Finish
Concrete
Heating Type
Baseboard heaters, Radiant heat, Electric
Basement Details
Finished, Full
Appliances
Refrigerator, Stove, Water Heater
Agent details
Primary Agent
SAMUEL IUS
Primary Broker
MYSAK REALTY INC.
Listing details
Days on REW
1 Day
MLS® Number
X13785134
Source
Canadian Real Estate Association
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Property Insights

St Joseph Catholic School
  • Catholic
  • JK - 8
Victor Lauriston Public School
  • Public
  • JK - 8
Winston Churchill Public School
  • Public
  • JK - 8
St Ursula Catholic School
  • Catholic
  • JK - 8
Ursuline College (The Pines) Catholic Secondary School
  • Catholic
  • 9 - 12
Queen Elizabeth II C Public School
  • Public
  • JK - 8
St Agnes Catholic School
  • Catholic
  • JK - 8
Georges P Vanier Catholic School
  • Catholic
  • JK - 8
John N Given Public School
  • Public
  • JK - 8
John McGregor Secondary School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
SAMUEL IUS
Phone:
416-528-5265
Office:
416-767-5500
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