1.72 ACRE WATERFRONT DEVELOPMENT PARCEL FOR SALE. IDEAL LOCATION HAS FRONTAGE ON 3 STREETS. NEW OFFICIAL PLAN ALLOWS FOR 12 STORY BUILDING ON THIS SITE. CURRENT RESIDENTIAL/COMMERCIAL MIX PROPERTY INCOME CARRIES THE PROPERTY WITH POSITIVE CASHFLOW. 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. CURRENTLY GROSSING APPROX $500,000 ANNUALLY. CALL FOR INCOME & EXPENSE INFO. 2 SHAREHOLDERS ARE REAL ESTATE AGENTS IN THE PROVINCE OF ONTARIO (id:4069)
Address
140 FRONT STREET
List Price
$4,999,000
Property Type
Industrial
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Sarnia
Lot Size
225.58 X 285 / 1.72 AC Sq. Ft.
Year Built
1960
MLS® Number
26008655
Listing Brokerage
Coldwell Banker Southwest Realty
Postal Code
N7T7H8
Zoning
GC2
Ownership
Freehold
Site Influences
Waterfront
Features
Corner Site, Visual exposure
