321 Devine Street, Sarnia, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Sarnia. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,500,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 292.73 x 450.34 ft lot size
Description
The Property covers just over 3 acres of vacant land, presenting an exceptional opportunity for residential development in Sarnia's expanding real estate market. With its ample acreage, the site is ideally suited for a range of residential development options, including the potential for a 2-storey townhouse complex featuring 82 units and a total Gross Floor Area (GFA) of 127,100 SF. The Property is also shovel-ready for retirement, nursing, and long-term care uses. The zoning does not stipulate an exact density, but it permits a maximum building height of 28 metres and allows for 166 parking spaces.321 Devine Street is ideally located just 700 metres from the waterfront, offering convenient access to scenic views, transit, and outdoor amenities. The Property is also close to the Sarnia train station and downtown core, with nearby restaurants, retail, and essential services enhancing its long-term appeal. The Property's strategic location, combined with its development potential, positions it as an attractive investment opportunity. With ample space and proximity to major amenities, this site is well-positioned to become a desirable residential or seniors-oriented community in Sarnia. The Property is being sold under a Power of Sale process
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 321 Devine Street, Sarnia, ON N7T 1T9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Sarnia, ON
For a property listed at $2,500,000 in Sarnia, the legal minimum down payment is $500,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,975 for this transaction. As this listing is in Sarnia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $48,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.