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Listed by Scott Gawne • Royal LePage Burloak Real Estate Services
$ 4,500,000
Est. payment | /mo
1,300 SqFt
$ 4,500,000
Est. payment | /mo
1,300 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $3,461
MLS Listing ID 40866396
Abv Grd Liv Area 1,300
Annual Tax Amount $47,150
Property Sub-Type Apartment
Source Cornerstone
Property 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.
Location
Province ON
County Lambton
Area Sarnia
Zoning R5
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry In-Suite
Exterior
Roof Type Metal,Shingle
Lot Frontage 190.0
Garage No
Building
Lot Description Other
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Wood Siding
New Construction No
Others
Senior Community No
Tax ID 432040033
Ownership Freehold/None
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