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For Sale
$4,999,000
MLS® 26008655
140 FRONT STREET
Sarnia, Ontario, N7T7H8
- Property type
- Industrial
- Building
- Industrial
- Year built
- 1960
- Lot size
- 225.58 X 285 / 1.72 AC
- Ownership
- Freehold
- Business type
- Residential
Property facts
- Property type
- Industrial
- Building
- Industrial
- Transaction
- For Sale
- Year built
- 1960
- Lot size
- 225.58 X 285 / 1.72 AC
- Ownership
- Freehold
- Business type
- Residential
About this property
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:53361)