106 Lorne Avenue, Chatham-Kent, ON N7M 1S1

About this residence

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.

Property details

Property type

Multiplex

Total rooms

23

Garage

None

Parking spaces

6

Annual taxes

$7,216 (2025)

Possession

Immediate

Directions

East

Location