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MLS® X14118080

Overview

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes $2,306
Days Active 2
Lot Size 
Approx. Age 
MLS® Number X14118080

Property Address: 132 Victoria St S, Sarnia, ON, N7T2T1

Average square foot calculated using Size range provided by listing agent.

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! (id:58753)Show Description
MLS® NumberX14118080
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementUnfinished, N/A
DrivewayNo Garage
Garage Spaces
HeatNatural gas, Other
A/CNone

Extras

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