716 North INDIAN Road North, Sarnia, Ontario, N7T7H1

For sale

35 days ago

$4.50M

716 North INDIAN Road North, Sarnia, Ontario, N7T7H1

37 pk1,300 ft²

Listed by Royal LePage Burloak Real Estate Services

730 North INDIAN Road North, Sarnia, Ontario, N7T7H1

For sale

35 days ago

$4.50M

730 North INDIAN Road North, Sarnia, Ontario, N7T7H1

37 pk1,300 ft²

Listed by Royal LePage Burloak Real Estate Services

169 CHRISTINA Street South, Sarnia, Ontario, N7T2M9

For sale

35 days ago

$350K

169 CHRISTINA Street South, Sarnia, Ontario, N7T2M9

Lot size 5,401 sq ft (0.12 ac)

Listed by Royal LePage Key Realty

404 RUSSELL Street South, Sarnia, Ontario, N7T3M7

For sale

37 days ago

$310K

404 RUSSELL Street South, Sarnia, Ontario, N7T3M7

Lot size 5,009 sq ft (0.11 ac)

Listed by Royal LePage Key Realty

Investment analysis

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$334,900

Sarnia

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$334,900

For sale

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132 Victoria Street South, Sarnia - Multi-family for Sale

132 Victoria Street South, Sarnia, Ontario, N7T2T1

4 beds2 baths3 parking2,250 ft²40 × 82 ft (3,248 sq ft) lot sizeListed 9 days ago

Overview

This multi-family property in Sarnia is for sale offering roughly 2,250 sq ft of space. It has been on the market 9 days, fresher than the Sarnia average of 68 days.

Multi-Family Properties for Sale in Sarnia →All real estate in Sarnia →

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 hydrometers 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 ata $334,900 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 RentMultiplier (GRM). A turnkey addition to your portfolio in a great Sarnia location! (id:66096)

Property Details

MLS®: X14118080
Property Type: Multi-family
Zoning: GC2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 40 × 82 ft (3,248 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Natural gas, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Property Tax: $2,306/yr
Listed

Features

Appliances: Two stoves, Two Refrigerators
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Sarnia listings, avg age

68d

Price / ft²

$149

List price

$335K

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

This 4-bed multi-family in Sarnia has been listed for 9 days, which is 59 days fresher than the city average of 68. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · MICHAEL JONES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7T)

This home lists at $334,900, about 5.7× the local median household income of $58,400.

Carrying it typically needs a household income of about $65,418 (20% down, 25-yr amortization, stress-tested) — roughly 12% 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)

$334,900· $149/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,745

Min 5%50%

Mortgage payment$1,764/mo

↳ CMHC premium ($12,726 capitalized)

Property tax (est.)$192/mo

Total monthly$1,956

Cash Needed to Close

Down payment (5%)$16,745

Land transfer tax$3,499

Est. closing costs$3,505

Total cash needed$23,749

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice