For Sale: 368 Maxwell Street, Sarnia, ON - REW
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$374,999
7 bd • 3 ba • 1500 - 1999 sf • Multifamily
368 Maxwell Street
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$374,999
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368 Maxwell StreetSarnia, ON, N7T 5E2

  • 7 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: ANDREW INFUSINO, Salesperson, Re/Max Premier Inc.

Home facts and features

Price details
List Price
$374,999
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Gross Taxes for 2026
$4,216
Home facts
Bedrooms
7
Full Bathrooms
3
Parking Spaces
3
Parking Details
No Garage
Property Type
Multifamily
Depth
114 feet
Frontage
42.0 feet
Style
Bungalow
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Unfinished,
Agent details
Primary Agent
ANDREW INFUSINO
Primary Broker
Re/Max Premier Inc.
Listing details
Days on REW
6 Days
MLS® Number
X13565718
Source
Canadian Real Estate Association
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Property Insights

London Road School
  • Public
  • JK - 8
Hanna Memorial Public School
  • Public
  • JK - 8
St. Matthew Catholic School
  • Catholic
  • JK - 8
Great Lakes Secondary School
  • Public
  • 9 - 12
High Park Public School
  • Public
  • JK - 8
Queen Elizabeth II School
  • Public
  • JK - 8
Rosedale Public School
  • Public
  • JK - 8
Holy Trinity Catholic School
  • Catholic
  • JK - 8
King George VI Public School
  • Public
  • JK - 8
É Élém C Saint-Thomas-d'Aquin
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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      Call Agent
      Salesperson
      ANDREW INFUSINO
      Phone:
      (416) 987-8000
      Office:
      416-987-8000
      Fax:
      416-987-8001
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