106 Lorne Avenue
Chatham-Kent, ON
- 11 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
- 4 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
- Style
- 2 1/2 Storey
- Construction
- Concrete
- Roof
- Flat
- Foundation
- Concrete Block
- Interior
- Water Heater
- Lot Size
- 89 x 103.75 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Other
- Heat Source
- Electric
Location & Legal
- Cross Street
- Richmond Street
- Parcel Number
- 005070084
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 5 Fridges, 6 Stoves
- Rental Items
- 1 Washer, 1 Dryer
Schools
Elementary
- Victor Lauriston Public School0.9 km
Public · Lambton Kent DSB · 320 students
Grade 3 reading: 57% met the provincial standard · Grade 6 math: 0% met the provincial standard
- Winston Churchill Public School1 km
Public · Lambton Kent DSB · 250 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 29% met the provincial standard
- Queen Elizabeth II C Public School1.2 km
Public · Lambton Kent DSB · 315 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 15% met the provincial standard
Secondary
- Ursuline College Chatham Catholic Secondary School1.2 km
Catholic · St Clair CDSB · 1335 students
Grade 10 literacy: 88% met the provincial standard
- John McGregor Secondary School1.9 km
Public · Lambton Kent DSB · 560 students
Grade 10 literacy: 65% met the provincial standard
- Chatham-Kent Secondary School2.7 km
Public · Lambton Kent DSB · 1150 students
Grade 10 literacy: 77% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Chatham-Kent · last 12 months
- Median sold price
- $349,900
- Homes sold
- 123
- Median days on market
- 24
- Sale-to-list price
- 95.2%
Based on 123 recorded sales of residential freehold properties in Chatham-Kent over the last 12 months.
Listed by
MYSAK REALTY INC.
Walk Score
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Location
Street View
Mortgage Calculator
$150,000
Estimated Monthly Payment
$3,685
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,685/mo (20% down, 5.5%)
Taxes: $601/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.
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