$374,900
For sale: Multiplex

GREAT OPPORTUNITY TO ADD A MULTI-UNIT INCOME PROPERTY TO YOUR PORTFOLIO IN THE HEART OF DOWNTOWN SARNIA, JUST STEPS FROM THE ST. CLAIR RIVER, RESTAURANTS, SHOPS AND LOCAL AMENITIES. THIS SOLID BRICK 2.5 STOREY PROPERTY OFFERS TWO RESIDENTIAL UNITS ALONG WITH ADDITIONAL LOWER-LEVEL SPACE. THE MAIN FLOOR UNIT FEATURES 2 BEDROOMS AND 1 BATHROOM, WHILE THE UPPER UNIT OFFERS 3 BEDROOMS, A LOFT, 4-PC BATHROOM AND ENSUITE. THE LOWER LEVEL INCLUDES A BATHROOM, GENEROUS STORAGE SPACE AND ROOM THAT COULD WORK WELL AS A CONFERENCE, MEETING OR WORK AREA. CURRENT RESIDENTIAL RENTS INCLUDE UTILITIES. OUTSIDE, THE PROPERTY FEATURES MULTIPLE DECK AREAS, PARKING FOR UP TO 6 VEHICLES INCLUDING A CARPORT, PLUS 2 ADDITIONAL STORAGE AREAS WITH INCOME POTENTIAL. A VERSATILE PROPERTY WITH OPTIONS FOR INVESTORS, OR THOSE LOOKING FOR A MIX OF RESIDENTIAL AND FUNCTIONAL WORKSPACE.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 30 days.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.
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
Sarnia has 23 Fraser Institute–rated schools (19 elementary and 4 secondary), averaging 5.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
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