32 Wallace TER
Sault Ste. Marie, Ontario
MLS® SM262650
$209,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- SM262650
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1930
1 / 30Listing description
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!
Property summary
- MLS® number
- SM262650
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 1,100 sq ft
- Built in
- 1930
- Annual property taxes
- $2,552.11
- Parking
- Concrete
- Days on market
- 5 days
Features & details
- Heating
- Forced air
- Basement
- Full
- Exterior features
- Aluminum siding
- Community features
- Bus Route
What would this home cost you?
Based on the $209,900 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 Exit Realty True North, 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.