$374,999
368 Maxwell Street, Sarnia, ON N7T 5E2
7 beds3 baths3 parking 1500-2000 ft²
Key facts
- MLS®
- X13565718
- Status
- New
- Type
- Duplex
- Taxes
- $4,216
- Size
- 1500-2000 ft²
- Parking
- 3 total
- Listed
- 2026-07-15
- Brokerage
- RE/MAX PREMIER INC.
- Cross street
- Maxwell St and Gordon St
Description
Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,000 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -$2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.