106 Lorne Avenue Chatham-Kent, Ontario N7M 1S1
$749,999
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:64201)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13785124 |
| Property Type | Multi-family |
| Community Name | Chatham |
| Amenities Near By | Highway, Public Transit |
| Equipment Type | Dryer(s), Washer(s) |
| Parking Space Total | 6 |
| Rental Equipment Type | Dryer(s), Washer(s) |
Building
| Cooling Type | None |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Size Exterior | 9332 Sqft |
| Size Interior | 9,332 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 103 Ft ,9 In |
| Size Frontage | 89 Ft |
| Size Irregular | Bldg=89 X 103.75 Ft |
| Size Total Text | Bldg=89 X 103.75 Ft |
| Zoning Description | Rl3 |
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September 15 2026 03:37:53
Toronto Regional Real Estate Board