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121 Walnut Avenue S Sarnia, Ontario N7T 3V5

14 Bedroom 8 Bathroom
None Hot Water Radiator Heat

$995,000

Purpose-built 8-plex, 3 story walk-up apartment building in central Sarnia. Unit makeup consists of two 1-bedrooms and six 2-bedrooms units. A great value add opportunity with two vacant units that can be renovated and brought up to market value and allow you tenant selection of your choice. Upon fully tenanted, a 5-5.5% cap rate is viable. Opportunity for an additional bachelor apartment in the lower level to further boost income. One (1) coin-operated dryer and one (1) coin-operated washer on site included. Tenants pay their own hydro. Roof replaced (2016) and boiler replaced (2016). Approx. 12 car parking. A well-built and solid building that would make a great addition to your investment portfolio. (id:20429)

Property Details

MLS® Number 40162348
Property Type Multi-family
Amenities Near By Hospital, Park, Schools, Shopping
Features Corner Site, Park/reserve, Laundry- Coin Operated
Parking Space Total 8

Building

Bathroom Total 8
Bedrooms Total 14
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Heating Type Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Park, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 133 Ft
Size Frontage 112 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5

https://www.realtor.ca/real-estate/23644936/121-walnut-avenue-s-sarnia

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Colin Van Moorsel
Broker

(519) 438-8000
(519) 438-8004
https://www.facebook.com/VanMoorselGroup/
https://www.linkedin.com/in/colin-vanmoorsel-18652b60/

Keller Williams Lifestyles Realty, Brokerage
B100-509 Commissioners Road W.
London, Ontario N6J 1Y5

(519) 438-8000
(519) 438-8004
www.kwlondon.com

Nicholas Sansom
Salesperson

(519) 438-8000
(519) 438-8004

Keller Williams Lifestyles Realty, Brokerage
B100-509 Commissioners Road W.
London, Ontario N6J 1Y5

(519) 438-8000
(519) 438-8004
www.kwlondon.com

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