863 DEVINE Street

Presenting an exceptional opportunity for investors, this Multi-Family Home for sale in Sarnia is a remarkable property located at 863 Devine Street, Sarnia. This fully tenanted triplex is generating a solid cash flow, making it an ideal addition to your investment portfolio. With its strategic positioning and unique features, this property promises to be a lucrative venture.

The property at 863 Devine Street, Sarnia, is a multiplex building that has been meticulously maintained since its construction in 1953. While the building style is not specified, the exterior is clad in durable aluminium and vinyl, ensuring low maintenance and longevity. This Multi-Family Home for sale in Sarnia offers a total of 12 rooms, providing ample space for tenants and a variety of living arrangements. It is important to note that the property features no bedrooms or den, but it is fully tenanted, indicating a strong demand for rental units in the area.

The layout of this Multi-Family Home for sale in Sarnia includes a spacious main floor that boasts a generous 2-bedroom unit. This unit is perfect for families or professionals seeking comfortable living. The lower level features a 1-bedroom unit alongside a bachelor suite, each with its own private entrance, ensuring tenant privacy and independence. This configuration not only maximises rental income but also caters to a diverse range of tenants.

While the property does not include a kitchen or additional kitchen facilities, the existing tenants have adapted well, highlighting the flexibility of the space. Furthermore, the absence of air conditioning and a fireplace is compensated by the efficient forced air heating system, which provides warmth during the colder months. The property is unfurnished, allowing tenants to personalise their living spaces according to their preferences.

Parking is not an issue at 863 Devine Street, Sarnia, as the property offers space for three vehicles, making it convenient for tenants with cars. Although there is no garage or driveway, the ample parking space is a significant advantage in this bustling area. The property is also located on a bus route, providing easy access to public transport, which is a considerable benefit for tenants commuting to work or school.

In terms of utilities, the property is connected to sanitary sewer systems, ensuring a reliable waste disposal solution. However, it is important to note that there is no water supply on the premises, which may require future consideration for potential enhancements. Additionally, the property does not feature a basement, which simplifies maintenance and reduces the risk of water-related issues.

The community surrounding 863 Devine Street, Sarnia, is vibrant and offers numerous amenities. With shopping centres, parks, and other facilities just minutes away, tenants will appreciate the convenience of having essential services within easy reach. This aspect adds significant value to the Multi-Family Home for sale in Sarnia, making it an attractive option for potential renters.

Investors will be pleased to learn that this property is zoned for a 12-unit apartment, presenting a promising opportunity for future development or expansion. This zoning flexibility allows for the potential to increase rental income significantly, further enhancing the investment's appeal.

In summary, the Multi-Family Home for sale in Sarnia at 863 Devine Street, Sarnia, is an outstanding investment opportunity. With its fully tenanted status, solid cash flow, and strategic location, this property is poised to deliver substantial returns. Don't miss your chance to acquire this low-maintenance multiplex that is ready to start earning for you from day one. Seize this opportunity to invest in a property that not only meets the demands of the rental market but also offers potential for future growth.

Community J, nestled within the city of Sarnia, offers a charming blend of suburban tranquillity and urban convenience. This picturesque area is characterised by its tree-lined streets, well-maintained parks, and a variety of local amenities that cater to residents' needs. With a strong sense of neighbourhood pride, Community J boasts a diverse population and a welcoming atmosphere, making it an ideal place for families and individuals alike. Proximity to the St. Clair River enhances its appeal, providing opportunities for leisurely walks and outdoor activities. Whether you’re seeking a peaceful retreat or easy access to the vibrant city life, Community J presents a delightful option for prospective residents.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. The closest is Lansdowne Public School, an elementary school just 0.6 km away, offering grades JK to 8 with a school rating of 2.9. Great Lakes Secondary School, located 1.1 km from the property, serves grades 9 to 12 and boasts a higher school rating of 4.6, making it a solid choice for secondary education. For families seeking French language instruction, High Park Public School, 2.1 km away, provides elementary education in French but has a lower rating of 0.9. Northern Collegiate Institute & Vocational School, situated 3.9 km from the property, offers secondary education in French and has a commendable rating of 6.2. Additionally, St. Anne Catholic School, approximately 4.3 km away, provides a Catholic education for grades JK to 8, though it currently has no rating. Overall, the area offers a variety of schooling options, ensuring that families can find suitable educational pathways for their children within a reasonable distance from the property.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 1,198 residents, with an average household size of 2 individuals. The community has a median age of 42.8 years, indicating a mature population. The average household income stands at $57,600, with a significant portion, 30.1%, classified as low-income. The real estate market shows an average property price of $276,000, appealing to a diverse range of buyers. Notably, 60.95% of the population is single, while 22.22% of households include children, reflecting a mix of family structures. The area has a high percentage of renters at 77.98%, with no condos available, suggesting a demand for rental properties. Educational attainment is relatively high, with 49.21% of residents holding a college or university degree. However, 40.31% of the population is not in the labor force, which may indicate challenges in employment opportunities. Additionally, the immigrant population is 6.88%, contributing to the area's cultural diversity. Overall, this demographic snapshot highlights a community with a blend of single individuals, families, and a significant rental market, set against a backdrop of moderate income and educational attainment.