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House For Sale

$4,999,000

140 FRONT STREET

MLS® Number: 26008655

Year Built

1960

About This Property

PROPERTY ASSEMBLAGE FOR SALE. RESIDENTIAL/COMMERCIAL MIX PROPERTY OVERLOOKING THE ST CLAIR RIVER & IN SARNIA'S HIGHEST POPULATION DENSITY AREA. CONSISTING OF 11 RESIDENTIAL UNITS & 5 COMMERCIAL UNITS. THE HOUSES AND BUILDINGS HAVE ALL HAD EXTENSIVE UPGRADES. HIGHLY SOUGHT AFTER RESIDENTIAL UNITS ARE TASTEFULLY DECORATED & COMMAND TOP END LEASING RATES. STRONG ROSTER OF COMMERCIAL TENANTS TAKE ADVANTAGE OF THIS PREMIUM LOCATION & AMENITIES. THIS PROPERTY IS TRULY INSPIRING AESTHETICALLY & IS BUILT TO BE EFFICIENT AS AN INCOME GENERATOR. CURRENTLY GROSSING APPROX $500,000 ANNUALLY, THE PROPERTY ALSO HAS FUTURE DEVELOPMENT OPTIONS AS THE 1.72 ACRE SITE HAS FRONTAGE ON 3 STREETS. CALL FOR INCOME & EXPENSE INFO. 2 SHAREHOLDERS ARE REAL ESTATE AGENTS IN THE PROVINCE OF ONTARIO

Property Details

Building & Exterior

Year Built

1960

Land & Location

Lot Features

Corner Site, Visual exposure

Lot Size Dimensions

225.58 X 285 / 1.72 AC

Postal Code

N7T7H8

Listing & Financials

Listing Office

296491

Originating System Name

Sarnia-Lambton Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Waterfront Features

Waterfront

Mortgage Calculator

20% ($999,800)
5.5%
25 Years

Estimated Monthly Payment

$24,559

Principal and interest only. Actual rates may vary.

Location & Map

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