132 Victoria Street S, Sarnia, ON N7T 2T1
- $334,900
- 4
- BD
- 2
- BA
- 2,000
- SqFt
- List Price
- $334,900
- MLS#
- X14118080
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Duplex
- Style
- 2-Storey
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Sarnia
- Area
- Lambton
- Neighborhood
- Sarnia
- Subdivision
- Wellington & Victoria
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!
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Additional Information
- Taxes
- $2,306
- Heat Type
- Other
- Heat Source
- Gas
- Air Conditioning
- None
- Lot Depth
- 81
- Family Room
- Yes
- Kitchens
- 2
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 3
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Listing courtesy of RIGHT AT HOME REALTY.