$369,900

188 Church ST, Sault Ste. Marie, Ontario, P6A 3H5

MLS® # SM261200

Sault Ste. Marie ON, P6A 3H5

MLS® # SM261200

Property Information:

188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Basement Type: Full
Exterior Finish: Brick, Steel
Floor Space: 2750 sqft
Foundation Type: Stone
Heating Type: Radiant/Infra-red Heat, Boiler

Property Features:

Property Type: Multi-family
Access Type: Road access
Built in: 1904
Communication Type: High Speed Internet
Community Features: Bus Route
Fence Type: Fenced yard
Floor Space (approx): 2750 Square Feet
Lot Frontage: 70
Storage Type: Storage Shed
Utility Type: Hydro - Available, Telephone - Available, Cable - Available, Natural Gas - Available
Sewer: Municipal sewage system
Parking Type: Detached garage, Gravel

Courtesy of: Century 21 Choice Realty Inc.

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Market Price Trends

Location of 188 Church ST, Sault Ste. Marie, Ontario, P6A 3H5

Lifestyle
Neighbourhood

Demographic Information of 188 Church ST, Sault Ste. Marie, Ontario, P6A 3H5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$125,868.90

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.94 %

High school certificate or equivalent

26.68 %

Apprenticeship trade certificate/diploma

4.74 %

College/non-university certificate

25.02 %

University certificate (below bachelor)

3.28 %

University Degree

26.35 %

Commuter

Travel To Work

By Car

79.44 %

By Public Transit

0.0 %

By Walking

8.33 %

By Bicycle

0.0 %

By Other Methods

12.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.59 %

Houses

68.41 %

Own Vs. Rent