Property Information:

Exceptional mixed-use investment opportunity in a prime downtown location, fully rented and generating over a 10% ROI. This rare offering includes two buildings being sold together, featuring approximately 5,000 sq ft of commercial space across two units with full clean and dry basements, plus over 4,500 sq ft of residential space comprised of four executive-style, fully furnished apartments currently operating as a very successful investment. Extensively restored and renovated with no expense spared, the property showcases high-end finishes throughout and true pride of ownership, including a standout 2,200 sq ft open-concept main apartment. Ample well-lit on-site parking and excellent exposure add to the appeal, with the city’s multi-million dollar Downtown Plaza redevelopment directly across the street, enhancing long-term value and demand. A rare opportunity to acquire a turnkey, income-producing asset in a sought-after location, with full details and financial package available through the listing brokerage. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Amenities: Laundry Facility
Basement Type: Full
Exterior Finish: Brick, Steel, Stucco
Floor Space: 9717 sqft
Foundation Type: Stone
Heating Type: Forced air
Cooling Type: Air Conditioned, Central air conditioning
Appliances: Alarm System

Property Features:

Property Type: Multi-family
Floor Space (approx): 9717 Square Feet
Lot Frontage: 55.12
Structure Type: Workshop
Sewer: Municipal sewage system
Parking Type: See Remarks

Courtesy of: Exit Realty True North

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Demographic Information of 536-542 Queen ST, Sault Ste. Marie, Ontario, P6A 2A1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$74,332.91

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.67 %

High school certificate or equivalent

34.97 %

Apprenticeship trade certificate/diploma

6.39 %

College/non-university certificate

22.51 %

University Degree

12.46 %

Commuter

Travel To Work

By Car

76.52 %

By Public Transit

1.29 %

By Walking

9.37 %

By Bicycle

0.0 %

By Other Methods

12.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.23 %

Houses

68.77 %

536-542 Queen ST, Sault Ste. Marie, Ontario, P6A 2A1