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For Sale · Office

229 WATER STREET, Sarnia

229 WATER STREET, Sarnia, ON N7T5T4

$379,900 total

1,473 SF

Asset Class

Office

Size

1,473 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$258

Occupancy

82%

Lot Size

0.137 ac

About this property

PUT YOUR BUSINESS WHERE PEOPLE WILL SEE IT! This high-profile corner commercial property in central Sarnia delivers the three things every business wants - location, visibility and opportunity!Situated in a busy, high-traffic area with excellent exposure, this versatile property features General Commercial zoning, opening the door to a wide range of business and investment possibilities.The flexible interior layout can adapt to your vision, while the 19' x 25' attached garage/shop adds valuable space for storage, workspace or service operations. Ample on-site parking keeps things convenient for customers and staff.Just minutes from Centennial Park, Sarnia's waterfront and key amenities, this is more than commercial space - it's a location designed to get your business noticed.Start something new. Expand what you've built. Invest in your future.Great corner. Great exposure. Big potential. Your next move starts here! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$380K
Down payment30% · $114K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$-212

Cash-on-cash

-0.19%

DSCR

0.99

Going-in cap

5.49%

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
Meridian Health Group1,212 SF2030-06

Area demographics

Trade area within 3 miles of the property.

Population

78,910

Households

32,997

Median income

$74,500

Median age

41.3

Daytime population

127,859

5-yr growth

7.2%

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.