321 DEVINE STREET, Sarnia
321 DEVINE STREET, Sarnia, ON N7T2W7
$1.5M total
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Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
92%
Lot Size
3.02 ac
About this property
This is a fantastic opportunity to purchase 3 acres of infill development land in the heart of Sarnia! Walking distance to parks, historic old Sarnia downtown and waterfront. Zoning permits building height of up the 28 meters and allows up to 166 parking spaces. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$68K
Annual cash flow
$-15K
Cash-on-cash
-3.35%
DSCR
0.82
Going-in cap
4.54%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
93,521
Households
41,715
Median income
$64,000
Median age
40
Daytime population
153,951
5-yr growth
0.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 321 DEVINE STREET, Sarnia.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.