1.72 ACRE WATERFRONT DEVELOPMENT PARCEL FOR SALE. IDEAL LOCATION HAS FRONTAGE ON 3 STREETS. NEW OFFICIAL PLAN ALLOWS FOR 12 STORY BUILDING ON THIS SITE. CURRENT RESIDENTIAL/COMMERCIAL MIX PROPERTY INCOME CARRIES THE PROPERTY WITH POSITIVE CASHFLOW. OVERLOOKING THE ST CLAIR RIVER & IN SARNIA'S HIGHEST POPULATION DENSITY AREA. CONSISTING OF 11 RESIDENTIAL UNITS & 5 COMMERCIAL UNITS. THE HOUSES AND BUILDINGS HAVE ALL HAD EXTENSIVE UPGRADES. HIGHLY SOUGHT AFTER RESIDENTIAL UNITS ARE TASTEFULLY DECORATED & COMMAND TOP END LEASING RATES. STRONG ROSTER OF COMMERCIAL TENANTS TAKE ADVANTAGE OF THIS PREMIUM LOCATION & AMENITIES. CURRENTLY GROSSING APPROX $500,000 ANNUALLY. CALL FOR INCOME & EXPENSE INFO. 2 SHAREHOLDERS ARE REAL ESTATE AGENTS IN THE PROVINCE OF ONTARIO (id:13843)
| MLS # | 26008655 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1960 |
| Days On Site | 189 |
| Listing Provided By | Coldwell Banker Southwest Realty | JESSE PUMPLE |
| Zoning | GC2 |
|---|---|
| Water Front | Yes |
| Fireplace Yes / No | No |
|---|
| Lot Features | Corner Site, Visual exposure |
|---|
| Tax Year | 2025 |
|---|
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T7H8 |
| Listing VS Median (in N7T7H8) | |
Price: $4,999,000 low | high Med: $0 On site: 189 low | high Med: | |
| Province | ON |
|---|---|
| City | Sarnia |
| Postal Code | N7T7H8 |
| Listing VS Median (in N7T7H8) | |
Price: $4,999,000 low | high Med: $0 On site: 189 low | high Med: | |