348 Ontario Street, Sarnia, ON
Property Highlights
Welcome to this remarkable commercial retail 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 $2,850,000 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 248.59 x 147.98 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Investment Opportunity - 348 Ontario St, Sarnia | Club, Restaurant, Motel | GC-1 Zoning (include institutional categories) | 3 Businesses Under One Roof , Sarnia's thriving commercial hub! A versatile freestanding property offering three income-generating businesses under one roof - club, restaurant, and motel - each with exceptional potential for growth and profit. Zoned GC-1 (General Commercial 1), this high-exposure site allows for a wide range of permitted uses including restaurants, cafés, retail establishments, personal service businesses, medical clinics, offices, daycares, financial institutions, and mixed-use residential development, giving investors and entrepreneurs endless flexibility for future expansion. Building Area: approx. 16,717 sq.ft. Site Area: approx. 28,000 sq.ft. (includes adjacent parking lot at 300 East Street, 100.33 130.32 130.72 ft) Parking: approx. 250 spaces.
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Pricing & Value Insights
Data-driven valuation for 348 Ontario Street, Sarnia, ON N7T 3S3
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About Purchasing a Home in Sarnia, ON
For a property listed at $2,850,000 in Sarnia, the legal minimum down payment is $570,000 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 $57,725 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 $57,725.
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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.