132 Victoria Street S, Sarnia, ON N7T 2T1
Sarnia, ON N7T 2T1
About this property
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!
Property facts & features
- Days on market
- Not reported
- Property type
- Duplex
- MLS® number
- X14118080
- Source status
- New
- Bedrooms
- 4
- Bathrooms
- 2
- Neighbourhood
- Not provided
- Postal code
- N7T 2T1
- Kitchens
- 2
- Kitchens above grade
- 2
- Family room / den
- Yes
- Interior size (reported range)
- 2000-2500 (units not reported)
- Lot size
- Not reported
- Lot depth
- 81.64 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- 3
- Occupancy
- Partial
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 2306
- Basement
- Unfinished
- Laundry
- Not provided
- Interior features
- None, Separate Hydro Meter
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 7 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Utilities & included services
- Reported utility services
- Not reported
- Water source
- Not reported
- Sewer
- Sewer
- Heating system
- Other
- Heating fuel
- Gas
- Cooling
- None
- Included in rent
- Not reported
- Included in maintenance
- Not reported
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Property summary
132 Victoria Street S, Sarnia, ON N7T 2T1, Sarnia is listed as for sale — Duplex. Reported details include 4 bedrooms, 2 bathrooms, interior size of 2000-2500 (units not reported). Asking price: $334,900. Reported occupancy: Partial. MLS® X14118080.
Summary of source-reported facts. Verify measurements and listing terms with the brokerage.