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178 Christina St N

13 Unit Block of Flats £1,290,316 (£99,255/Unit) 7% Net Initial Yield Sarnia, ON N7T 5T9

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Investment Highlights

Located in downtown Sarnia one block from waterfront. Past five years building restored and updated.

Vibrant area of downtown, theatre, art gallery, library, restaurants, less than block to waterfront trail

Executive Summary

Wonderful investment opportunity in downtown Sarnia. Just a block away from the waterfront, you will find this building started its life as the original Imperial Theatre. But over the past five years, it has been lovingly restored & extensively updated for another lifetime. 13 Units in total. The main floor has 3 commercial units, 3 residential units & the second floor has 7 residential units. All 10 residential units are 1 bedroom, generally 750 sq.ft. New vinyl roof in 2009. All units have separate hydro meters. Central boiling system. Very good track record of rentals and great current tenants. Rear parking for up to 9 cars available, a hard to find feature in downtown. If you are looking for an investment with excellent monthly income, then you will not want to miss this building. Listed as commercial and multi-family.

Property Facts

Price	£1,290,316	Building Class	C
Price Per Unit	£99,255	Lot Size	0.21 AC
Sale Type	Investment	Building Size	12,000 SF
Net Initial Yield	7%	Average Occupancy	100%
No. Units	13	Number of Floors	2
Property Type	Residential	Year Built	1920
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.75/1,000 SF
Apartment Style	Low Rise

Price	£1,290,316
Price Per Unit	£99,255
Sale Type	Investment
Net Initial Yield	7%
No. Units	13
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.21 AC
Building Size	12,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1920
Parking Ratio	0.75/1,000 SF

Unit Amenities

Air Conditioning
High Speed Internet Access

Refrigerator

Oven

Double Pane Windows

Site Amenities

Controlled Access
Security System

On-Site Retail
Lake Access

Public Transportation

Fiber Optic Internet

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	10	-	450 - 1,500

1 of 1

Walk Score ®

Walker's Paradise (90)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	D1 (https://sarnia.maps.arcgis.com/apps/webappviewer/index.html?id=e95287fdfcc34b29997b4d014d588448 range of retail/commercial and residential apartments)
D1 (https://sarnia.maps.arcgis.com/apps/webappviewer/index.html?id=e95287fdfcc34b29997b4d014d588448 range of retail/commercial and residential apartments)