New Listing
132 Victoria Street S,Sarnia, ON N7T 2T1
Sarnia, ON N7T 2T1
Description
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!
Details
| MLS # | X14118080 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 7 |
| Listing Provided By | RIGHT AT HOME REALTY | X14118080 10004700 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.07 |
Interior
| Interior Features | None, Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2306 |
|---|---|
| Tax Assessed Value | 133000 |
| Tax Legal Description | PT LT 19 W/S ALBERT ST, 20 W/S ALBERT ST PL 2 SARNIA CITY PT 3 & 4, 25R5970; S/T & T/W L847857; SARNIA |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Lambton |
| City | Sarnia |
| Postal Code | N7T 2T1 |
| Area | Sarnia |
| Listing VS Median (in N7T 2T1) | |
Price: $334,900 low | high Med: $0 On site: 7 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lambton |
| City | Sarnia |
| Postal Code | N7T 2T1 |
| Area | Sarnia |
| Listing VS Median (in N7T 2T1) | |
Price: $334,900 low | high Med: $0 On site: 7 low | high Med: | |
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