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$749,999

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106 Lorne Avenue

Chatham, Chatham-Kent, Ontario N7M1S1

For sale· Added

9,332 sqft

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.

Location

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Property details

Listing

MLS® number
X13785124
Added
Sep 15, 2026 ()
Updated
Sep 26, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Multi-Family

Inside

Heating
Baseboard heaters, Radiant heat
Cooling
None
Fireplace
No

Building

Parking
6 spaces

Land

Lot size
Bldg=89 x 103.75 ft
Zoning
RL3

Services

Water
Municipal water

Location

Cross streets
Richmond Street

Running costs

Annual property tax
$7,216

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$749,999
106 Lorne Avenue
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