55 MAIN Street South, Lambton Shores (Forest), Ontario, N0N1J0
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$575,000
Lambton Shores
This multi-family property in Lambton Shores is for sale offering roughly 2,250 sq ft of space.
GREAT INVESTMENT OPPORTUNITY. Solid brick "side-by-side" duplex with two 3-bedroom apartments. Each unit has their own gas and hydro meters as well as their own furnace/central air. Many updates completed including the roof (2017), furnace (2017), HWT (2022) and some windows. Centrally located between downtown and Hwy 402. Close to the grocery store, theatre, shopping, restaurants, pharmacies, banks and golf. Approx 30 minutes to Sarnia or Strathroy. Current tenants pay $1700/month and $1950/month plus utilities. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 46 days on market, against an average age of 48 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Lambton Shores (Forest) has been listed for 46 days, which is 2 days fresher than the city average of 48. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $575,000, about 6.0× the local median household income of $96,000.
Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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