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

$209,900

MLS® # SM262650

Investment For Sale In Sault Ste. Marie, Ontario

$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

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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