140 Front st. South St, Sarnia, N7T 7H8

Listing Overview

Description

PROPERTY ASSEMBLAGE FOR SALE. RESIDENTIAL/COMMERCIAL MIX PROPERTY OVERLOOKING THE ST CLAIR RIVER & IN SARNIA'S HIGHEST POPULATION DENSITY AREA. CONSISTING OF 11 RESIDENTIAL UNITS & 5 COMMERCIAL UNITS. THE HOUSES AND BUILDINGS HAVE ALL HAD EXTENSIVE UPGRADES. HIGHLY SOUGHT AFTER RESIDENTIAL UNITS ARE TASTEFULLY DECORATED & COMMAND TOP END LEASING RATES. STRONG ROSTER OF COMMERCIAL TENANTS TAKE ADVANTAGE OF THIS PREMIUM LOCATION & AMENITIES. THIS PROPERTY IS TRULY INSPIRING AESTHETICALLY & IS BUILT TO BE EFFICIENT AS AN INCOME GENERATOR. CURRENTLY GROSSING APPROX $500,000 ANNUALLY, THE PROPERTY ALSO HAS FUTURE DEVELOPMENT OPTIONS AS THE 1.72 ACRE SITE HAS FRONTAGE ON 3 STREETS. . 2 SHAREHOLDERS ARE REAL ESTATE AGENTS IN THE PROVINCE OF ONTARIO.

5 days

On Market

Investment

Property Type

$81,469 / Year

Est. Taxes

Apartment

Style

Apts-6 To 12 Units

Business Type

N

Franchise