Prime Corner Fourplex | High Upside | Motivated Seller Located at the high-visibility corner of Lorne Ave & Raleigh St, this fully detached fourplex presents a rare opportunity to secure a cash-flowing asset with immediate and future upside. The property features four self-contained residential units, delivering consistent income from day one, with clear potential to increase rents and overall value through strategic improvements. Zoned for multi-residential use, this asset is ideally positioned for investors looking to optimize returns, reposition the property, or capitalize on long-term growth in an expanding market. Surrounded by schools, parks, transit, and just minutes from downtown Chatham, the location supports strong tenant demand and long-term stability. The seller is highly motivated and open to offers, creating a strategic window for investors to acquire a well-located multi-unit property at a compelling value. Opportunities like this-combining location, income, and upside-are limited. Act quickly to secure this asset before it's gone. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
4
Lot
72.17 x 93.33 ft
Equipment
Water Heater, Furnace
Listing Contract Date
2026-03-21
Location Description
Cross Streets: Lorne & Raleigh. ** Directions: From Lacroix St head south towards Richmond St. Turn left and head east onto Richmond St. Turn right and head south onto Raleigh St. The property will be on the right, in the intersection of Lorne Ave and Raleigh St.
# of Parking Spaces
1
Property Type
Multi-family
Rental Equipment
Water Heater, Furnace
Transaction Type
For sale
Zoning Description
RL3
Building
Appliances
Stove, Refrigerator
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
72.2 x 93.4 FT
Size of Irregular Land
72.2 x 93.4 FT
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