Property
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$949,500

Address unavailable

Sault Ste. Marie, Ontario, P6C2H9

Active
4,352
Sq Ft
1949
Year Built

About This Property

This multi-family in Sault Ste. Marie offers 4,352 sq ft of living space. Built in 1949. The home features baseboard heaters, forced air heating, a full basement.

MLS Remarks

Welcome to 128 Second Line West ($949,500), an exceptional multi-unit income property offering immediate cash flow and incredible long-term development potential. This solid six-unit building features four 2-bedroom apartments, one 1-bedroom unit, and one spacious 3-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. Situated on an impressive 475-foot deep lot, this property opens the door to future possibilities and envision constructing another 6-plex, commercial building, or mixed-use development, subject to city approval. With the 6-plex itself, the groundwork is already laid for success, with a brand-new $43,000 maintenance-free metal roof that was recently installed, ensuring peace of mind for years to come. While some updating would enhance returns and appeal, the fundamentals are rock-solid: strong structure, desirable location, and exceptional land value. Located close to grocery stores, shopping and strip malls, the Beer Store, and countless amenities, tenants enjoy unmatched convenience. This is more than a property, it's an investment in growth, flexibility, and long-term security. Don't miss your chance to add a cornerstone asset to your portfolio. Call for additional information or to book a showing. (id:60351)

Overview

Property Typeresidential
Sub-Typemulti-family
StatusActive
MLS #SM253131
Year Built1949

Interior

HeatingBaseboard heaters, Forced air
BasementFull

Exterior

Exterior FeaturesBrick, Siding

Fees & Taxes

Annual Taxes$7,550

Listing Information

MLS#: SM253131


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$189,900
5%20%50%
Estimated Monthly Payment
$4,222
/month
Mortgage
$759,600
Total Interest
$507,031

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$15,465
Total Due on Closing$15,465

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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