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$ 334,900
Est. payment | /mo
4 Beds
2 Baths
$ 334,900
Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Sarnia
MLS Listing ID X14118080
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,306
Tax Year 2026
Property Sub-Type Duplex
Property 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!
Location
Province ON
County Lambton
Area Lambton
Rooms
Family Room Yes
Basement Unfinished
Kitchen 2
Interior
Interior Features None, Separate Hydro Meter
Cooling None
Fireplace Yes
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 39.82
Lot Depth 81.64
Total Parking Spaces 3
Building
Building Age 51-99
Foundation Block
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY
Nearby Locations
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