368 MAXWELL STREET, Sarnia, ON N7T5E2
Sarnia
Key Facts
Description
Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,000 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -$2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Bungalow
Parking Spaces
3
Listing #
X13565718
Property Features
Cooling
Heating
Affordability Calculator
$75,000
Estimated monthly payment
$1,996/mo
Principal $299,999 · Est. interest $418,526 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sarnia, ON
- CA$444,444
- Median Listing Price
- 33
- Median Days on Market
- 1,651
- Median Sq Ft
- CA$342
- Median Price / Sq Ft
- 198
- Active Listings
- This home’s price is 16% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sarnia, ON.
Location
Points of Interest in Sarnia, ON
Showing the Sarnia area map.
Nearby Schools
Hanna Memorial Public School
School · 0.6 km away
Hanna Memorial Public School
School · 0.7 km away
St Patrick's Catholic High School
Secondary · 0.7 km away
Miss Helen's Place
Elementary · 1.3 km away
St Matthew Catholic School
School · 1.4 km away
P.E. McGibbon Public School
School · 1.6 km away
High Park Public School
School · 1.7 km away
Queen Elizabeth II School
School · 2.0 km away
Holy Trinity Catholic School
School · 2.1 km away
Rosedale School
School · 2.1 km away
Bridgeview Public School
School · 2.1 km away
Northern Collegiate Institute
Secondary · 2.3 km away
Point Edward Early Learning Centre
School · 2.5 km away
Ecole St-Thomas-D'Aquin School
Elementary · 2.5 km away
Lansdowne Public School
School · 2.6 km away
Sarnia Christian School
School · 2.7 km away
Sacred Heart Catholic School
School · 2.8 km away
Blue Water Middle College
School · 2.8 km away
Errol Road Public School
School · 2.9 km away
Ecole Elementaire les Rapides
Elementary · 2.9 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 224 HARKNESS STREET, Sarnia, ON | CA$297,000 | 6 | 2 | — |
| 431 Cardiff PLACE, Sarnia, ON | CA$329,900 | 6 | 3 | — |
| 196 BROCK STREET North, Sarnia, ON | CA$349,900 | 6 | 2 | — |
| 218-220 Mitton STREET South, Sarnia, ON | CA$371,900 | 6 | 4 | — |
| 368 Maxwell Street, Sarnia, ON | CA$374,999 | 7 | 3 | — |
| 192 PENROSE STREET, Sarnia, ON | CA$385,000 | 6 | 4 | — |
Moving Cost Estimate
EXIT Agents in Sarnia
Listing Courtesy: RE/MAX PREMIER INC.
Data Terms of Use
This website is operated by RE/MAX PREMIER INC., a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, RE/MAX PREMIER INC., and CREA.
Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.
Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.
Amendments
RE/MAX PREMIER INC. may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.