About this property

A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X9233421
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	5,000 sq ft
Beds / Baths	9 bed · 9 bath
City	Sault Ste Marie
Postal Code	P6A 1M3
Province	ON
Listed Date	July 30, 2024
Brokerage	RE/MAX REALTRON REALTY INC.