132 VICTORIA STREET S, Sarnia

$334,900

For sale: Multiplex

Multiplex at 132 VICTORIA STREET S, Sarnia
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 2 bathrooms
Living area
2,500 sqft
MLS®
MLS® X14118080
Neighbourhood
Sarnia

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!

Sold data

Homes in Sarnia — recent sold market

Homes in Sarnia took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 39, across 76 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 30 days.

The median sale price was $407,450.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 4% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$407,450
Sale-to-list ratio
96.7%
Sold above asking
4%

Based on 76 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Sarnia

Sarnia has 23 Fraser Institute–rated schools (19 elementary and 4 secondary), averaging 5.4/10.

Rated schools
23
Elementary
19
Secondary
4
Average rating
5.4 / 10

Top-rated schools in Sarnia

  • King George VI — elementaryFraser rating 8.0/10
  • Cathcart Boulevard — elementaryFraser rating 7.9/10
  • Les Rapides — elementaryFraser rating 7.9/10
  • Northern — secondaryFraser rating 7.3/10
  • St Anne — elementaryFraser rating 7.3/10
  • Lakeroad — elementaryFraser rating 7.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 132 VICTORIA STREET S