Description

COMMERCIAL PROPERTY FOR SALE. IN THE HEART OF MITTON VILLAGE COMMERCIAL DISTRICT THIS VERY WELL MAINTAINED BUILDING FEATURES 2800 SQFT MAIN FLOOR AND 1300 SQFT UPPER FLOOR. CURRENTLY OCCUPIED BY AL'S VACUUM & SEWING CENTRE WHICH HAS BEEN IN THIS LOCATION FOR OVER 40 YEARS. THE BUSINESS IS ALSO FOR SALE IN A SEPARATE LISTING. BUSINESS IS WILLING TO SIGN A LEASE WITH NEW OWNER WITH ACCEPTABLE TERMS. THE UPPER FLOOR IS CURRENTLY USED FOR SEWING CLASSES AND OFFICES. SEPARATE FURNACES AND UTILITIES FOR EACH FLOOR. THE ZONING ALLOWS FOR MANY USES INCLUDING RESIDENTIAL CONVERSIONS. PLEASE CONTACT LISTING REALTOR FOR DETAILS. LIST PRICE IS PLUS HST. (id:66096)

Property Details

MLS®: 26018310
Property Type: Industrial
Zoning: GC1
Interior Size: 4,100 ft²
Lot Size: 4,879 sq ft (0.11 ac)
Year Built: 1950
Heating: Forced air, Natural gas, Furnace
Cooling: Air Conditioned
Ownership: Freehold
Listed: 98 days ago

Features

Flooring: Carpeted, Ceramic/Porcelain, Cushion/Lino/Vinyl
Lot Features: Visual exposure

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

98d

Sarnia listings, avg age

68d

Price / ft²

$98

List price

$400K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

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Area context

Neighbourhood profile (N7T)

This home lists at $399,900, about 6.8× the local median household income of $58,400.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 34% above the area median.

Median household income: $58,400
Population: 26,033
Median age: 44.4
Owner / renter: 51% / 49%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA N7T)

$399,900· $98/ft²

For sale

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Financing

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110 MITTON Street South, Sarnia - Industrial for Sale