106 Lorne Avenue
Chatham-Kent, ON
- 9,332 sqft
- Investment
- 2 days on market
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.
Listing Details
- Taxes (2025)
- $7,216
- Listed
- September 15, 2026
Price History
Listing history
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Property
- Lot Size
- 89 x 103.75 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Richmond Street
- Zoning
- RL3
- Parcel Number
- 005070084
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- 5 Fridges, 6 Stoves
- Rental Items
- 1 Washer, 1 Dryer
Community
Postal area N7M
- Population
- 25,579
- Private dwellings
- 11,361
- Median age
- 44
- Average household size
- 2.3
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Chatham-Kent · last 12 months
- Median sold price
- $349,900
- Homes sold
- 119
- Median days on market
- 24
- Sale-to-list price
- 95.4%
Based on 119 recorded sales of commercial properties in Chatham-Kent over the last 12 months.
Listed by
MYSAK REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 9,332 sq ft
- Price per sq ft
- $80.37
- Annual property tax
- $7,216
- Tax per sq ft
- $0.77
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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