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• 186 Queen St, Sarnia, ON N7T 2R6

$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

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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: Sarnia Investment for Sale
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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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

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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