I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.
Chatham-Kent · Chatham
106 Lorne Avenue
Multiplex
MLS® #X13785134
Listed for$749,9991 day on market
11 bed 6 bath 6 parking 3500-5000 sq ft~$176/sq ft
New this week
Transit stop ~173.1 km
Free · about 10 seconds
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Est. all-in monthly~$4,091/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Description & details
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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by MYSAK REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
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