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32 Wallace TER, Sault Ste. Marie, Ontario, P6C 1K1

MLS® # SM262650
new listing
Investment For Sale In Sault Ste. Marie, Ontario
$209,900
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
32 Wallace Ter, Sault Ste. Marie, ON
  • Advertising
32 Wallace TER, Sault Ste. Marie, Ontario, P6C 1K1
$209,900

Property Information:

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Basement Type: Full
  • Exterior Finish: Aluminum siding
  • Floor Space: 1100 sqft
  • Foundation Type: Concrete Perimeter
  • Heating Type: Forced air

Property Features:

  • Property Type: Multi-family
  • Access Type: Road access
  • Built in: 1930
  • Community Features: Bus Route
  • Fence Type: Fenced yard
  • Floor Space (approx): 1100 Square Feet
  • Lot Frontage: 42
  • Utility Type: Telephone - Available, Natural Gas - Available, Cable - Available, Hydro - Available
  • Sewer: Municipal sewage system
  • Parking Type:

Courtesy of: Exit Realty True North

REALTOR.ca  

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Market Price Trends

Single family detached

-2.42%

Price change (1 year)

49.85%

Price change (5 years)

All Properties

-1.75%

Price change (1 year)

52.25%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 32 Wallace TER, Sault Ste. Marie, Ontario, P6C 1K1

Demographic Information of 32 Wallace TER, Sault Ste. Marie, Ontario, P6C 1K1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$87,355.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.73 %

High school certificate or equivalent

41.23 %

Apprenticeship trade certificate/diploma

3.69 %

College/non-university certificate

29.14 %

University Degree

8.21 %

Commuter

Travel To Work

By Car

91.56 %

By Public Transit

0.14 %

By Walking

3.94 %

By Bicycle

0.0 %

By Other Methods

4.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.56 %

Houses

92.44 %

Own Vs. Rent

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