$3,499,500
FOR SALE

Investment

Lot: 150 x 166 ftTotal Area: 15,000 ft2
2023 Taxes: $29,548.56

186 Queen St
Sarnia, ON N7T 2R6 | Lambton

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
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Listed By RE/MAX ADVANTAGE REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8447362
Last Updated Jun 17, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
PIN 432700085
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $29,548.56
Tax Type Annual
Directions/Cross Streets Front Street South turning left onto Johnston and right onto Queen
Neighbourhood Sarnia
Area Lambton
Price History

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Detailed Information
Freestanding Y
Bathrooms 28
Lot 150 x 166 ft
Total Area 15,000 ft2
Approximate Age 51-99
Air Conditioning Y
Garage Type None
Parking Spaces 32
Heat Type Other
Hydro Expense $13,657
Water Expense $11,085
Heat Expenses $8,686
Insurance Expense $12,551
Taxes Expense $29,548
Year Expenses $2,023
Expenses Actual/Estimated Act
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning Urban Residential 5 (UR5
Seller Property Info Statement N

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