368 Maxwell Street
Sarnia, ON
- 7 bed
- 3 bath
- approx. 1500-2000 sqft
- Duplex
- 59 days on market
Attention investors! Outstanding opportunity to acquire a cash-flowing duplex in the heart of Sarnia, offering three self-contained units and strong income potential at an affordable price point. With a total of 7 bedrooms, 3 bathrooms, and 3 full kitchens, this purpose-built income property is an excellent addition to any investment portfolio. This property is currently generating $4,000 per month ($48,000 annually) in gross rental income, with all rents inclusive. Current rental breakdown is as follows: Unit 1-$1,400/month (scheduled to be vacant mid-August, with the seller willing to make provisions to secure a new tenant prior to closing, subject to the terms of the Agreement of Purchase and Sale), Unit 2- $1,650/month and unit 3-$950/month. Based on previous years' operating figures, annual expenses are estimated at approximately: Gas -$2,700, Hydro & Water-$6,206, Insurance-$1,200, Maintenance-$ 1,800, and Property Taxes -$3,100. The hot water tank is owned, eliminating rental costs. this results in an attractive estimated Net Operating Income, making this a rare opportunity to acquire a positive cash-flow investment property for under $400,000. Conveniently located close to amenities, schools, shopping and public transit, this property offers stable rental demand and long-term investment potential. Property is being sold as is, where is, as the Seller will provide limited representations and warranties with respect to the property. A fantastic opportunity for investors seeking immediate income with future upside.
Listing Details
- Taxes (2026)
- $4,216
- Listed
- July 15, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- None
- Lot Size
- 42 x 114 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Maxwell St and Gordon St
- Zoning
- R2
- Parcel Number
- 432400040
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Nil
- Rental Items
- Nil
Schools
Elementary
- London Road School0.5 km
Public · Lambton Kent DSB · 180 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 23% met the provincial standard
- Hanna Memorial Public School0.7 km
Public · Lambton Kent DSB · 180 students
Grade 3 reading: 73% met the provincial standard
- St Matthew Catholic School1.4 km
Catholic · St Clair CDSB · 365 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 22% met the provincial standard
Secondary
- Great Lakes Secondary School1.6 km
Public · Lambton Kent DSB · 1095 students
Grade 10 literacy: 72% met the provincial standard
- Northern Collegiate Institute and Vocational School2.5 km
Public · Lambton Kent DSB · 1145 students
Grade 10 literacy: 92% met the provincial standard
- Alexander Mackenzie Secondary School3.3 km
Public · Lambton Kent DSB · 300 students
Grade 10 literacy: 28% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N7T
- Population
- 26,033
- Private dwellings
- 13,973
- Median age
- 44.4
- Average household size
- 2
- Median household income
- $58,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Sarnia · last 12 months
- Median sold price
- $400,000
- Homes sold
- 77
- Median days on market
- 25
- Sale-to-list price
- 96.2%
Based on 77 recorded sales of residential freehold properties in Sarnia over the last 12 months.
Listed by
RE/MAX PREMIER INC.
Walk Score
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Location
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Mortgage Calculator
$75,000
Estimated Monthly Payment
$1,842
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,842/mo (20% down, 5.5%)
Taxes: $351/mo · Insurance: $94/mo
Estimates only. Consult a financial advisor.
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