About 106 Lorne Avenue
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.
Features of 106 Lorne Avenue
| MLS® # | X13785134 |
|---|---|
| Price | $749,999 |
| Bedrooms | 11 |
| Bathrooms | 6.00 |
| Square Footage | 3,500 |
| Type | Residential Freehold |
| Sub-Type | Multiplex |
| Style | 2 1/2 Storey |
| Status | Active Under Contract |
Community Information
| Address | 106 Lorne Avenue |
|---|---|
| Area | Chatham-Kent |
| Subdivision | Chatham |
| City | Chatham-Kent |
| Province | ON |
| Postal Code | N7M 1S1 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | Yes |
| Basement | Finished, Full |
Exterior
| Exterior | Concrete |
|---|
Listing Details
| Office | MYSAK REALTY INC. |
|---|