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48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9

MLS® # X12128313
Investment For Sale In Chatham, Chatham-Kent (Chatham), Ontario
$425,000
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Facade
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Facade
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Exterior
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen With Double Sink
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Facade
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Facade
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Outdoor With Exterior
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Kitchen With Double Sink
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
48 - 50 Lorne Avenue, Chatham-Kent (Chatham), ON - Indoor Photo Showing Other Room
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48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9
$425,000

Property Information:

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. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Amenities: Separate Heating Controls
  • Basement Type: Crawl space
  • Exterior Finish: Brick
  • Floor Space: 2000 - 2500 sqft
  • Flooring Type: Hardwood, Tile
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Stove, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 94.5 Feet
  • Lot Frontage: 73.3 Feet
  • Lot Size: 73.3 x 94.5 FT
  • Structure Type: Porch
  • Zoning: RL3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 1

Rooms:

  • Living 2nd Level 3.08 m x 4.21 m
  • Bathroom 2nd Level 1.62 m x 2.59 m
  • Bedroom 2nd Level 4.37 m x 3.95 m
  • Kitchen 2nd Level 2.85 m x 3.00 m
  • Bedroom 2nd Level 4.26 m x 1.57 m
  • 2nd Bedroom 2nd Level 3.33 m x 2.48 m
  • Living Ground Level 3.15 m x 1.78 m
  • Living Ground Level 3.98 m x 3.96 m
  • Kitchen Ground Level 3.94 m x 3.08 m
  • Bathroom Ground Level 1.67 m x 2.38 m
  • Bedroom Ground Level 4.20 m x 1.00 m
  • Bedroom Ground Level 1.93 m x 2.18 m
  • 2nd Bedroom Ground Level 3.46 m x 2.15 m
  • Bathroom Ground Level 2.32 m x 2.37 m
  • Kitchen Ground Level 2.39 m x 2.21 m
  • Living Ground Level 3.66 m x 5.05 m
  • Kitchen Ground Level 3.92 m x 3.12 m
  • Bathroom Ground Level 1.60 m x 2.06 m

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Market Price Trends

All Properties

1.82%

Price change (1 year)

41.24%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 48 - 50 LORNE AVENUE , experiences 7 hot days per year at around 31.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 35.2 degrees Celsius.

Projected Avg. Temperature

Past
31.7℃
2050
35.2℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

57/100

Moderate

ClimateCheck®

Current data

This property, 48 - 50 LORNE AVENUE , experiences 11 significant 2-day storms per year, with about 303.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 374.3mm of precipitation per year.

Precipitation Per Storm

Past
303.8mm
2050
374.3mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 48 - 50 LORNE AVENUE, Chatham-Kent (Chatham), Ontario, N7M 1R9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,763.78

Average Number of Children

1.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.67 %

High school certificate or equivalent

37.03 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

22.51 %

University Degree

5.28 %

Commuter

Travel To Work

By Car

88.26 %

By Public Transit

2.56 %

By Walking

8.27 %

By Bicycle

0.0 %

By Other Methods

0.91 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.27 %

Houses

69.73 %

Own Vs. Rent

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