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:4555)
PROPERTY SPECS
Listing ID 40571623
Address 186 QUEEN Street
City Sarnia, ON
Price $3,600,000
Bed / Bath 28 / 28 Full
Construction Brick
Land Size 0.58
Status For sale
EXTENDED FEATURES
Year Built1968BasementPartialBasement DevelopmentPartially finishedParking32Amenities NearbyPlace of Worship, Playground, Public TransitCommunity FeaturesQuiet AreaEquipmentOtherFeaturesLaundry- Coin operated, Visual exposureOwnershipFreeholdRental EquipmentOtherCoolingNoneFire ProtectionUnknownFoundationBlockHeating FuelNatural gasUtility WaterMunicipal waterDate Listed2024-04-16 18:02:12Days on Market19Parking32