140 Front Street, Sarnia, Ontario

$4,999,000

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About 140 Front Street

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:36535)

Features of 140 Front Street

Listing # 26008655
Price $4,999,000
Bathrooms 0.00
Acres 0.00
Year Built 1960
Type Industrial
Sub-Type Freehold

Community Information

Address 140 Front Street
City Sarnia
Province Ontario
Postal Code N7T7H8

Amenities

Features Corner Site, Visual exposure
Is Waterfront Yes
Waterfront Waterfront
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description 225.58 X 285 / 1.72 AC|1 - 1.99 acres

Listing Details

OfficeCourtesy Of Coldwell Banker Southwest Realty

Listing Map