$4,500,000

For sale

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730 North INDIAN Road North, Sarnia - Multi-family for Sale

730 North INDIAN Road North, Sarnia, Ontario, N7T7H1

0 beds0 baths37 parking ft²

132 Victoria Street South, Sarnia, Ontario, N7T2T1

4 bd2 ba3 pk2,250 ft²Lot size 40 × 82 ft (3,248 sq ft)

Listed by RIGHT AT HOME REALTY

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

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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$4,500,000

Sarnia

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Overview

This multi-family property in Sarnia is for sale offering roughly 1,300 sq ft of space. It has been on the market 35 days, fresher than the Sarnia average of 68 days.

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

Description

Introducing a compelling investment opportunity with this 25-unit townhouse complex located in Sarnia, ON. Each unit features a spacious 2-bedroom layout with 1.5 baths, providing residents with comfortable and generous living spaces. Notably, 19 of the 25 units have been updated, offering a value-added investment proposition. Additionally, there is a 44% gap to rents, presenting an exciting opportunity for increased cash flow. Furthermore, the property benefits from an extra monthly cash flow from the solar panels installed on the roof. This is made up of 12 Towns at pin 730 Indian and 13 Towns at 716 Indian with a metal roof and the solar on 716 Indian. The list price is for both properties. (id:66096)

Property Details

MLS®: 40867346
Property Type: Multi-family
Zoning: R5
Bedrooms: 0
Bathrooms: 0
Parking: 37
Interior Size: 1,300 ft²
Frontage: 176 ft
Units: 1
Storeys: 2
Basement: Unfinished, Partial
Heating: Natural gas
Cooling: Central air conditioning
Garage: Open
Ownership: Freehold
Property Tax: $47,150/yr
Listed: 35 days ago

Features

Exterior: Wood

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Sarnia listings, avg age

68d

Price / ft²

$3,462

List price

$4.50M

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 multi-family in Sarnia has been listed for 35 days, which is 33 days fresher than the city average of 68. Act while there is still low competition.

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Listed by Royal LePage Burloak Real Estate Services · Scott Gawne

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N7T)

This home lists at $4,500,000, about 77.1× the local median household income of $58,400.

Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 1405% 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)

$4,500,000· $3,462/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $900,000

Min 20%50%

Mortgage payment$19,191/mo

Property tax (est.)$3,929/mo

Total monthly$23,121

Cash Needed to Close

Down payment (20%)$900,000

Land transfer tax$98,975

Est. closing costs$16,000

Total cash needed$1,014,975

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