178 Christina St N - Apartments FOR SALE


Sarnia, ON N7T 5T9
$2,300,000 CAD
877-817-1904
178 Christina St N, Sarnia, ON for Sale
$2,300,000 CAD
Apartments - FOR SALE
1/12
null | 7% Cap Rate

178 Christina St N
Sarnia, ON N7T 5T9


HIGHLIGHTS

  • Located in downtown Sarnia one block from waterfront. Past five years building restored and updated.
  • Vibrant area of downtown, theatre, art gallery, library, restaurants, less than block to waterfront trail

OVERVIEW

Wonderful investment opportunity in downtown Sarnia. Just a block away from the waterfront, you will find this building started its life as the original Imperial Theatre. But over the past five years, it has been lovingly restored & extensively updated for another lifetime. 13 Units in total. The main floor has 3 commercial units, 3 residential units & the second floor has 7 residential units. All 10 residential units are 1 bedroom, generally 750 sq.ft. New vinyl roof in 2009. All units have separate hydro meters. Central boiling system. Very good track record of rentals and great current tenants. Rear parking for up to 9 cars available, a hard to find feature in downtown. If you are looking for an investment with excellent monthly income, then you will not want to miss this building. Listed as commercial and multi-family.

FOR SALE DETAILS

PRICE

$2,300,000 CAD

PRICE/SF

$192 CAD /SF

# OF UNITS

13

PRICE/UNIT

$176,923

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

D1

APN/PARCEL ID

382940001009000

ASK ABOUT THIS PROPERTY

George MallayColdwell Banker Southwest RealtyMore Info
877-817-1904

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George MallayColdwell Banker Southwest RealtyMore Info
877-817-1904

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.