188 Church ST
Sault Ste. Marie, Ontario
MLS® SM261200
$369,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- SM261200
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1904
1 / 30Listing description
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.
Property summary
- MLS® number
- SM261200
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 2,750 sq ft
- Built in
- 1904
- Annual property taxes
- $5,993.60
- Parking
- Detached Garage, Gravel
- Days on market
- 91 days
Features & details
- Heating
- Radiant/Infra-red Heat, Boiler
- Basement
- Full
- Exterior features
- Steel, Brick
- Community features
- Bus Route
What would this home cost you?
Based on the $369,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Choice Realty Inc., SAULT STE. MARIE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.