55 MAIN STREET S, Lambton Shores (Forest)

$575,000

For sale: Multiplex

Multiplex at 55 MAIN STREET S, Lambton Shores (Forest)
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 2 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13805932
Neighbourhood
Forest

GREAT INVESTMENT OPPORTUNITY. Solid brick "side-by-side" duplex with two 3-bedroom apartments. Each unit has their own gas and hydro meters as well as their own furnace/central air. Many updates completed including the roof (2017), furnace (2017), HWT (2022) and some windows. Centrally located between downtown and Hwy 402. Close to the grocery store, theatre, shopping, restaurants, pharmacies, banks and golf. Approx 30 minutes to Sarnia or Strathroy. Current tenants pay $1700/month and $1950/month plus utilities.

Sold data

Homes in Forest — recent sold market

Homes in Forest took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 45, across 60 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $512,400.

Homes sold for about 3.5% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$512,400
Sale-to-list ratio
96.5%
Sold above asking
7%

Based on 60 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 55 MAIN STREET S