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. (id:47423)
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Detailed Information
Bedrooms
28
Bathrooms
28
Lot
150 x 166 ft
Amenities Nearby
Place of Worship, Playground, Public Transit
Community Features
Quiet Area
Equipment
Other
Features
Visual exposure, Laundry- Coin operated
Listing Contract Date
2024-04-16
Location Description
Review floor plans and photos from the listing. 24 hrs. for showing requests. Only a couple of units available for first viewing. Front Street South turning left onto Johnston and right onto Queen.
Ownership Type
Freehold
# of Parking Spaces
32
Property Type
Multi-family
Rental Equipment
Other
Transaction Type
For sale
Zoning Description
Urban Residential 5 (UR5)
Building
Basement Development
Partially finished
Basement Type
Partial (Partially finished)
Constructed Date
1968
Cooling Type
None
Exterior Finish
Brick
Fire Protection
Unknown
Foundation Type
Block
Heating Fuel
Natural gas
Stories Total
2
Utility Water
Municipal water
Land
Total Size
0.58 acres
Access Type
Road access
Amenities
Place of Worship, Playground, Public Transit
Sewer
Municipal sewage system
Size of Irregular Land
0.58
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