140 Front Street Sarnia, Ontario N7T 7H8
$4,999,000
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 (id:63476)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | 26008655 |
| Property Type | Industrial |
| Features | Corner Site, Visual Exposure |
| Water Front Type | Waterfront |
Building
| Constructed Date | 1960 |
| Type | House |
Land
| Acreage | Yes |
| Size Irregular | 225.58 X 285 / 1.72 Ac |
| Size Total Text | 225.58 X 285 / 1.72 Ac|1 - 1.99 Acres |
| Zoning Description | Gc2 |
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July 23 2026 02:07:12
Sarnia-Lambton Association of REALTORS®
Coldwell Banker Southwest Realty