220 George St - Apartments FOR SALE


Sarnia, ON N7T 4N9
$1,699,900 CAD
220 George St, Sarnia, ON for Sale
$1,699,900 CAD
Apartments - FOR SALE
1/16
null | Request Cap Rate

220 George St
Sarnia, ON N7T 4N9


HIGHLIGHTS

  • Access to public transit
  • Cornet Property
  • Redevelopment opportunity

OVERVIEW

What an incredible investment opportunity for the savvy investor. Former church building of 20,000 sq ft has 5 current apartments & planning approval for 10 more, plus extensive commercial space. Preliminary plans started for 16 additional townhouse units. Newly introduced mixed use zoning will allow for a maximum development height of 12 storeys & up to 50 units, with an extensive list of commercial uses also. Listed as Commercial, Multi-Family & Vacant Land.

FOR SALE DETAILS

PRICE

$1,699,900 CAD

PRICE/SF

$89 CAD /SF

# OF UNITS

5

PRICE/UNIT

$339,980

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,509 SF

ZONING

MU1

APN/PARCEL ID

382940001206300

ASK ABOUT THIS PROPERTY

Rob LongoColdwell Banker Southwest RealtyMore Info

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Rob LongoColdwell Banker Southwest RealtyMore Info

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