106 Lorne AVE, Chatham-kent, ON N7M 1S1
106 Lorne AVE, Chatham-kent, ON N7M 1S1
106 Lorne AVE, Chatham-kent, ON N7M 1S1
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$749,999
Est. payment /mo
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11 Beds
6 Baths
Active Under Contract

106 Lorne AVE Chatham-kent, ON N7M 1S1

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Chatham

MLS Listing ID X13785134

Style 2 1/2 Storey

Bedrooms 11

Annual Tax Amount $7,215

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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

Province ON

County Chatham-kent

Area Chatham-Kent

Rooms

Family Room No

Basement Finished, Full

Kitchen 6

Interior

Interior Features Water Heater

Cooling None

Fireplace Yes

Heat Source Electric

Exterior

Pool None

Roof Type Flat

Lot Frontage 89.0

Lot Depth 103.75

Total Parking Spaces 6

Building

Foundation Concrete Block

Others

ParcelsYN No

Listed by MYSAK REALTY INC.

NEARBY SCHOOL & BUSINESS

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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader License ID: 9517861

+1(416) 875-4880

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106 Lorne AVE

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