Opportunity to acquire property with substantial leverage potential. Unique 28 spacious 1-bedroom units, in 2 story walk-up apartment complex.186 Queen Street Sarnia is a short walk to Sarnia's beautiful waterfront, close to public transit and a walkability score over 70. 14 units renovated top to bottom with quality finishes! Currently one vacancy being updated. Rental features include on-site laundry, 32 surface parking and storage units for Tenants. All units accessed from an exterior door onto verandas or common areas. Recent improvements include building exterior repainting, electrical work, gas fired boiler system 2022, updated fire alarm 2024 and partial window replacements. With many renovations already completed, this represents an opportunity to increase returns on this solid investment |
Price | $3,499,500 |
Taxes: | $29548.56 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 186 Queen St , Sarnia, N7T 2R6, Ontario |
Postal Code: | N7T 2R6 |
Province/State: | Ontario |
Lot Size: | 150.00 x 166.00 (Feet) |
Directions/Cross Streets: | Front Street South turning left onto Johnston and right onto Queen |
Category: | Apartment |
Use: | Apts-Over 20 Units |
Building Percentage: | Y |
Total Area: | 15000.00 |
Total Area Code: | Sq Ft |
Approximatly Age: | 51-99 |
Taxes Expense: | $29548 |
Insurance Expense: | $12551 |
Heat Expenses: | $8686 |
Hydro Expense: | $13657 |
Water Expense: | $11085 |
Year Expenses: | 2023 |
Expenses Actual/Estimated: | $Act |
Washrooms: | 28 |
Heat Type: | Other |
Central Air Conditioning: | Y |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX ADVANTAGE REALTY LTD. |
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Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Lambton |
Municipality: | Sarnia |
Neighbourhood: | Sarnia |
Lot Size: | 150.00 x 166.00(Feet) |
Approximate Age: | 51-99 |
Tax: | $29,548.56 |
Baths: | 28 |