Description
Exceptional legal conforming duplex with commercial zoning (GC2) offering incredible value and strong numbers for investors or owner-occupiers! Featuring two well-maintained 2-bedroom units, this solid brick property showcases historic character including beautiful hardwood flooring and leaded glass windows. The lower unit features 2 bedrooms and an updated bathroom, currently rented at $1,300/month. The upper unit features 2 bedrooms, an updated kitchen, a modern bathroom, huge attic storage access, and two private balconies (estimated market rent of $1,500/month). Enjoy separate hydro meters and separate natural gas boilers (new in 2023) with tenants paying their own heat and hydro. Additional updates include a roof in 2013, vinyl windows (excluding leaded glass), owned hot water tanks, a fully fenced yard, and on-site gravel parking for 2 vehicles. Solid investment fundamentals at a $335,000 purchase price featuring $33,600 in gross annual rent, a Net Operating Income (NOI) of $26,610/year, a 7.94% cap rate, and a 9.97x Gross Rent Multiplier (GRM). A turnkey addition to your portfolio in a great Sarnia location! (id:13843)
Details
| MLS # | 26025349 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1900 |
| Days On Site | 19 |
| Listing Provided By | RE/MAX Sarnia Realty Inc | JOE ROCCA |
Features
| Story(s) | 3 |
|---|---|
| Units | 2 |
| Zoning | GC2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Boiler, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block |
|---|
Parking
| Parking Features | Other |
|---|
Taxes
| Tax Year | 2026 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T2T1 |
| Listing VS Median (in N7T2T1) | |
Price: $334,900 low | high Med: $334,900 On site: 19 low | high Med: 16 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T2T1 |
| Listing VS Median (in N7T2T1) | |
Price: $334,900 low | high Med: $334,900 On site: 19 low | high Med: 16 | |
