Space
Finished area and layout
- Square Feet
- 1,500-2,000 sqft
- Bedrooms
- 7
- Bathrooms
- 3
7
Bedrooms
3
Bathrooms
1,500-2,000 sqft
Square Feet
X / 0.11 AC
Lot
1900
Year Built
Property Snapshot
Key details for this listing
MLS #26015662
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Stories
About This Property
This 7-bedroom, 3-bathroom multi-family in Sarnia offers 1,500-2,000 sqft of square feet on a X / 0.11 AC lot. Built in 1900, 1 storey. The property has lot dimensions of X / 0.11 AC. The home features laminate and cushion/lino/vinyl flooring, forced air, natural gas, furnace heating.
MLS Remarks
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 $4,800 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:60351)
Full Listing Details
Address368 MAXWELL STREET
MLS#26015662
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market97
Common InterestFreehold
Annual Tax$4,216 (2025)
Parking3
Parking TypeOther
Structure TypeTriplex
AttachedAttached
StyleMultiplex
Year Built1900
Bedrooms7
Bathrooms3
Bedrooms Above Grade7
Square Feet1,500-2,000 sqft
Stories1
CitySarnia
ProvinceOntario
Postal CodeN7T5E2
Lot DimensionsX / 0.11 AC
Frontage42.0 feet
Zoning DetailsRES
Total Parking3
Parking FeaturesOther
HeatingForced air, Natural gas, Furnace
FlooringLaminate, Cushion/Lino/Vinyl
FoundationBlock
ExteriorAluminum/Vinyl
Annual Tax$4,216 (2025)
Maxwell St and Gordon St
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