FABULOUS INVESTMENT IN GREAT LOCATION! OVER THE LAST YEAR ALL TENANTS HAVE BEEN REMOVED (EXCEPT ONE) SO EACH APARTMENT COULD BE RENOVATED. ALL RENOVATIONS ARE NOW COMPLETE AND THE BUYERS ARE FREE TO CHARGE ANY RENTS THEY FEEL IS FARE. UNIT #1 ALSO HAD ALL NEW KITCHEN CABINITS, COUNTER TOPS FLOORING, NEW BATHRM WITH SHOWER, NEW FIXTURES ALL PAINTED ETC. ETC. THE BUILDING IS SEPERATELY METERED SO THE TENANTS PAY THEIR OWN HYDRO. BRAND NEW FURNACE 2026, NEW STEEL ROOF 2019. THE BUILDING WAS UPDATED TO SATISFY FIRE INSPECTION TO CODE IN 2023. 4-2 BEDRM UNITS AND 2-1 BEDRM UNITS. NEW INCOME FOR 2026 WILL GROSS OVER $100,000 AND EXPENSES WERE ONLY $18,000 LAST YEAR INCLUDING ( PROPERTY TAXES $4189, INSURANCE $3154, HEAT AND WATER $10,682 ) VERY HIGH CAP RATE!!! EASY TO RENT, ACROSS FROM PARK, NEAR DOWNTOWN AND SHORT WALK TO ST. CLAIR RIVER. OWNER WILL KEEP BUILDING VACANT SO ITS EASIER TO SHOW. (id:41440)
MLS®:
26010666
Type
Multifamily
County
Lambton County
Listed By
Re/Max Sarnia Realty Inc
Source CREA Last checked May 13 2026 at 2:39 AM GMT+0000
Disclaimer: The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 5/12/26 19:39
Description