88 Lorne Avenue, Chatham-Kent

$299,999
88 Lorne Avenue

$299,999

New
15d
Detached2-Storey

88 Lorne Avenue, Chatham-Kent

Total Monthly Obligation $1,802

HausQ Valuation Report
Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
15d
Score
28
Yield
7.7%
Cash on Cash
7.0%
Cap Rate
6.1%
5Y IRR
21.2%
10Y IRR
19.3%
Property Type-Detached
MLS® Number-X13877438
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-38 × 46.75 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,600 (2026)
Parking-3 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Chatham-Kent
Title-Residential Freehold

No agent assigned

Welcome to this beautifully and fully renovated home , your future home awaits! This charming3-bedroom, 1-bathroom property is perfect for first-time home buyers, downsizers, or investors seeking a fantastic opportunity. Nestled on a quiet street, it offers a peaceful and family-friendly setting. Step inside to discover a bright and spacious living and dining area, ideal for everyday living and entertaining. The home has been extensively updated and features brand-new flooring throughout, a completely renovated bathroom, All brand new applicace frodge , stove , diswasher, dryer washer Brand new furnace, Brand new central air conditioner, a new side deck, and newfront stairs with a welcoming front entrance deck. Enjoy outdoor gatherings in the backyard and take advantage of the many recent upgrades that make this home move-in ready. The hot water tank is rented. Don't miss this incredible opportunity, schedule your viewing today

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$239,999
Land Transfer Taxes$2,975
Legal Fees (Est.)
$
Total cash required for closing$64,475

Total Monthly Obligation

$1,802/mo
Mortgage $1,210
Monthly Loss $1,483
Principal$318
Interest$892
Property Tax$217
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.3%6
5-Year IRR
14.8%70
10-Year IRR
14.5%
Returns Index
36.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$23,088/yr
NOI
$13,679/yr
Net Cash Flow
-$70/mo
Cash Margin
-3.6%2
Cash Flow Index
2.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9423
LTV Ratio
80.0%18
Vacancy Buffer
5.3 mo86
Risk Index
42.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 88 Lorne Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.