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Renanza Realty
For sale

128 Second LIN W

Sault Ste. Marie, Ontario

MLS® SM253131

$799,900

Status
Active
Property type
Multi-family
MLS® number
SM253131
Bedrooms
Bathrooms
Year built
1949

Listing description

Welcome to 128 Second Line West ($949,500), an exceptional multi-unit income property offering immediate cash flow and incredible long-term development potential. This solid six-unit building features four 2-bedroom apartments, one 1-bedroom unit, and one spacious 3-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. Situated on an impressive 475-foot deep lot, this property opens the door to future possibilities and envision constructing another 6-plex, commercial building, or mixed-use development, subject to city approval.

With the 6-plex itself, the groundwork is already laid for success, with a brand-new $43,000 maintenance-free metal roof that was recently installed, ensuring peace of mind for years to come. While some updating would enhance returns and appeal, the fundamentals are rock-solid: strong structure, desirable location, and exceptional land value. Located close to grocery stores, shopping and strip malls, the Beer Store, and countless amenities, tenants enjoy unmatched convenience.

This is more than a property, it's an investment in growth, flexibility, and long-term security. Don't miss your chance to add a cornerstone asset to your portfolio. Call for additional information or to book a showing.

Property summary

MLS® number
SM253131
Property type
Multi-family
Building type
Multi-Family
Square footage
4,352 sq ft
Built in
1949
Annual property taxes
$7,550.00
Days on market
322 days

Features & details

Heating
Baseboard heaters, Forced air
Basement
Full
Exterior features
Brick, Siding
Community features
Bus Route

What would this home cost you?

Based on the $799,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,722 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.