368 Maxwell Street, Sarnia, ON N7T 5E2
- Property tax
- $4,216 / year
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.
- MLS number
- X13565718
- Type
- Duplex
- Status
- Active
- Bedrooms
- 7
- Bathrooms
- 3
- Postal code
- N7T 5E2
- Photos
- 1
- Laundry
- Not in the unit
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Duplex
- Style
- Bungalow
- Class
- Residential Freehold
- Fronting on
- North
- Community
- Sarnia
- Municipality
- Sarnia
- Cross street
- Maxwell St and Gordon St
- Zoning
- R2
Inside
- Bedrooms
- 7
- Bedrooms above grade
- 7
- Bathrooms
- 3
- Washrooms
- 2 · 1
- Kitchens
- 3
- Rooms above grade
- 14
- Basement
- Unfinished
- Size
- 1500-2000
Building
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
Parking
- Covered spaces
- 0
- Driveway spaces
- 3
- Total parking
- 3
Land
- Lot
- 42 × 114 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- None
Listing
- MLS number
- X13565718
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-15
- Expires
- 2026-10-31
- Taxes
- $4,216 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 3 times.
Where this property is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| London Road School Lambton Kent DSB | Elementary | 521 m | / 10 37% met the standard |
| Hanna Memorial Public School Lambton Kent DSB | Elementary | 709 m | / 10 60% met the standard · 3 of 6 measures |
| P.E. McGibbon Public School Lambton Kent DSB | Elementary | 1.6 km | / 10 39% met the standard |
| St Matthew Catholic School St Clair CDSB | Elementary | 1.4 km | / 10 53% met the standard |
| Great Lakes Secondary School Lambton Kent DSB | Secondary | 1.6 km | / 10 52% met the standard · 2 of 6 measures |
| Royal SCITS Academy | Elementary and secondary | 1.6 km | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 461 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35380095 — the few blocks around this address, home to 461 people. It describes the area, not this property.
Percentages are of the 265 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.