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$599,900
Lambton Shores
7 Union Street West, Lambton Shores (Arkona), Ontario, N0M1B0
This multi-family property in Lambton Shores is for sale offering roughly 1,750 sq ft of space. It has been on the market 1 day, fresher than the Lambton Shores average of 148 days.
An excellent opportunity for investors or buyers looking to get into the market with the added benefit of a mortgage helper! This side-by-side duplex in the quiet community of Arkona offers two separate units, making it ideal for an owner-occupant looking to offset their mortgage or an investor seeking to expand their portfolio. Both units were fully renovated in 2021, including new electrical, plumbing, insulation, drywall, lighting and more. The vacant east unit features 2 bedrooms, a generously sized 5-piece bathroom and a finished basement, offering additional living space. A detached garage adds extra convenience and storage. Located just minutes from Forest and approximately 30 minutes from both Sarnia and London, this property offers the appeal of small-town living with convenient access to nearby amenities. One unit is currently vacant, providing flexibility for a new owner, while the other is tenanted at $1,500 per month, with the tenant responsible for hydro and gas. Whether you're looking to live in one unit and have the other help with the mortgage or add an income property to your portfolio, this is an opportunity worth exploring! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 148 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 4-bed multi-family in Lambton Shores (Arkona) has been listed for 1 day, which is 147 days fresher than the city average of 148. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 6.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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