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For Sale · Office

229 WATER STREET, Sarnia

229 WATER STREET, Sarnia, ON N7T5T4

$349,900 total

1,473 SF

Asset Class

Office

Size

1,473 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$238

Occupancy

98%

Lot Size

1473 ac

About this property

Visibility drives business, and this central Sarnia corner location delivers standout exposure from every angle located at a prominent central intersection with easy access to and from Highway 402. Offering versatile General Commercial zoning, this adaptable property is well-suited for owner-operators, expanding businesses, or commercial investors. The flexible floor plan readily configures to retail, professional offices, or client services, complemented by a valuable 19' x 25' attached shop for secure storage, equipment, added office or board room space or hands-on operations. Complete with generous on-site parking and situated moments from the waterfront and core amenities, this is a practical, high-impact commercial opportunity ready for your next venture. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$350K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$5K

Cash-on-cash

5.15%

DSCR

1.28

Going-in cap

7.09%

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.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners715 SF2028-01
Halcyon Wealth Partners729 SF2028-01

Area demographics

Trade area within 3 miles of the property.

Population

121,746

Households

53,683

Median income

$92,500

Median age

43.1

Daytime population

190,669

5-yr growth

5.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 229 WATER STREET, Sarnia.

NDA required

  • 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.