Exceptional legal conforming duplex with commercial zoning (GC2) offering incredible value and strong numbers for investors or owner-occupiers!Featuring two well-maintained 2-bedroom units, this solid brick property showcases historic character including beautiful hardwood flooring and leaded glass ...windows. The lower unit features 2 bedrooms and an updated bathroom, currently rented at $1,300/month. The upper unit features 2 bedrooms, an updated kitchen, a modern bathroom, huge attic storage access, and two private balconies (estimated market rent of $1,500/month). Enjoy separate hydrometers and separate natural gas boilers (new in 2023) with tenants paying their own heat and hydro. Additional updates include a roof in 2013, vinyl windows (excluding leaded glass), owned hot water tanks, a fully fenced yard, and on-site gravel parking for 2 vehicles. Solid investment fundamentals ata $334,900 purchase price featuring $33,600 in gross annual rent, a Net Operating Income (NOI) of $26,610/year, a 7.94% cap rate, and a 9.97x Gross RentMultiplier (GRM). A turnkey addition to your portfolio in a great Sarnia location!
Full Property Details
Interior
Bedrooms
4
Total Bedrooms
4
Washrooms
2
Square Footage
2000-2500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Other
Air Conditioning
None
Family Room
Yes
Kitchens
2
Total Kitchens
2
Fireplace Features
Yes
Bedrooms
4
Total Bedrooms
4
Washrooms
2
Square Footage
2000-2500 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Other
Air Conditioning
None
Family Room
Yes
Kitchens
2
Total Kitchens
2
Fireplace Features
Yes
Exterior
Depth
81.64
Front
39.82
Lot Size
40 x 81.64 ft
Pool
None
Parking Spaces
3
Total Parking Spaces
3.00
Parking Description
None
Garage Spaces
0
Zoning
GC2
Depth
81.64
Front
39.82
Lot Size
40 x 81.64 ft
Pool
None
Parking Spaces
3
Total Parking Spaces
3.00
Parking Description
None
Garage Spaces
0
Zoning
GC2
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Year Built
51-99
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/9/2026
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Year Built
51-99
Property Orientation
West
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
11/9/2026
Community
Community
Sarnia
Community
Sarnia
Taxes & Fees
Taxes
$2,306 /yr
Tax Year
2026
Occupancy
Partial
Taxes
$2,306 /yr
Tax Year
2026
Occupancy
Partial
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