55 Main Street S

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$575,000

55 Main Street S

Forest, Lambton Shores · MLS® X13805932

626

House · Multi-family · 35 days on market

listed by SHELLEY RETHER, ROYAL LEPAGE TRILAND REALTY

realtor's description

GREAT INVESTMENT OPPORTUNITY. Solid brick "side-by-side" duplex with two 3-bedroom apartments. Each unit has their own gas and hydro meters as well as their own furnace/central air. Many updates completed including the roof (2017), furnace (2017), HWT (2022) and some windows. Centrally located between downtown and Hwy 402. Close to the grocery store, theatre, shopping, restaurants, pharmacies, banks and golf. Approx 30 minutes to Sarnia or Strathroy. Current tenants pay $1700/month and $1950/month plus utilities.

property details

type: House, Multi-family
bedrooms: 6
bathrooms: 2
parking: 6
property tax: $1,929 / yr
days on market: 35
MLS®: X13805932

features

Flat site
Sump Pump
Community Centre
Microwave
Two stoves
Water Heater

monthly cost

$2,666/mo

Mortgage $2,505 · Tax $161

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,505/ monthly

loan $460,000

25-year amortization

down payment20% · $115,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $291,566
cash to close: $115,000; down payment; transfer tax and fees not included
total paid: $751,566

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.