696 Oxford St - Residential Income FOR SALE


Sarnia, ON N7T 6Z8
$4,500,000 CAD
519-336-7560
696 Oxford St, Sarnia, ON for Sale
$4,500,000 CAD
Residential Income - FOR SALE
1/2
null | Request Cap Rate

696 Oxford St
Sarnia, ON N7T 6Z8


HIGHLIGHTS

  • Excellent investment opportunity
  • Zoning permitted for 102 retirement or residential units
  • Ample parking

OVERVIEW

INVESTMENT OPPORTUNITY IN SARNIA'S CENTRAL CITY SITUATED CLOSE TO BLUEWATER HEALTH, SHOPPING, BUS ROUTES & GERMAIN PARK. THE EXISTING BUILDING IS OVER 38000 FT. ZONING IS PERMITTED FOR 102 TOTAL RETIREMENT UNITS & APARTMENT DWELLINGS. REDIERING & CONCEPTUAL DRAWINGS ARE AVAILABLE UPON REQUEST SHOW THE CONVERSION OF THE EXISTING BUILDING INTO SEPARATE UNITS & AREAS NECESSARY FOR A COMPLETE RETIREMENT COMMUNITY. 360' OF FRONTAGE ON OXFORD STREET WITH PLENTY OF PARKING. THIS IS A GREAT OPPORTUNITY BECAUSE OF GROWING DEMAND WITH OUR AGING POPULATION & HOUSING SHORTAGE. PRICE PLUS HST. CALL TODAY FOR MORE INFO. THE SELLER WILL CONSIDER HOLDING FINANCING TO A WELL QUALIFIED BUYER AT A RATE AS LOW AS 5%.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$101 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,059 SF

ZONING

UR5-28

APN/PARCEL ID

382930001414400

ASK ABOUT THIS PROPERTY

Mario FazioRoyal LePage Key RealtyMore Info
519-336-7560

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Mario FazioRoyal LePage Key RealtyMore Info
519-336-7560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.