140 FRONT STREET, Sarnia

$4,999,000

For sale: Other

Other at 140 FRONT STREET, Sarnia
Property type
Industrial
Year built
Built in 1960
MLS®
MLS® 26008655

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

Sold data

Homes in Sarnia — recent sold market

Homes in Sarnia took a median of 27 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 74 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 34 days.

The median sale price was $422,450.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$422,450
Sale-to-list ratio
96.6%
Sold above asking
5%

Based on 74 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 140 FRONT STREET