132 Victoria ST S, Sarnia, ON N7T 2T1
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132 Victoria ST S, Sarnia, ON N7T 2T1
132 Victoria ST S, Sarnia, ON N7T 2T1
132 Victoria ST S, Sarnia, ON N7T 2T1
132 Victoria ST S, Sarnia, ON N7T 2T1
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Cathy Baynham

Cathy Baynham

+1(289) 923-8286
$ 334,900
Est. payment /mo
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132 Victoria ST S Sarnia, ON N7T 2T1

4 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Sarnia

MLS Listing ID X14118080

Style 2-Storey

Bedrooms 4

Annual Tax Amount $2,306

Tax Year 2026

Property Sub-Type Duplex

Property 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!

Location

Province ON

County Lambton

Area Lambton

Rooms

Family Room Yes

Basement Unfinished

Kitchen 2

Interior

Interior Features None, Separate Hydro Meter

Cooling None

Fireplace Yes

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 39.82

Lot Depth 81.64

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Block

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY
Cathy Baynham

Cathy Baynham

Agent

+1(289) 923-8286

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