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$800,000
Available - For Sale
Listing ID: X12107273
Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, ideally located at the base of North Streetjust steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. The building features 2 spacious two-bedroom units and 3 one-bedroom units, with two units currently vacantoffering immediate upside through market rent potential. At current market rents, the property is capable of generating nearly a 10% cap rate. Additional income is generated through a coin-operated washer and dryer. A large, paved parking lot provides ample tenant parking. Recent updates include a new high-efficiency gas furnace and cosmetic upgrades in several units, including fresh paint and updated trim. The basement features a wide open layout with plenty of space, ideal for additional paid tenant storage or future development opportunities.
Price $800,000
Taxes: $6,504
Tax Type: Annual
Occupancy by: Tenant
Address: 18 Wellington Stre West , Sault Ste Marie, P6A 1H1, Algoma
Postal Code: P6A 1H1
Province/State: Algoma
Legal Description: PT LT 73 PL 453 KORAH PT 1, 2 1R4584; SA
Directions/Cross Streets: Wellington St W & North St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 3,000
Total Area Code:  Square Feet
Maintenance: 0
Water Expense: $1139
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY

18 Wellington Stre West , Sault Ste Marie, P6A 1H1, Algoma


 
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At a Glance:
Type: Com - Investment
Area: Algoma
Municipality: Sault Ste Marie
Neighbourhood: West
Style:
Lot Size: x 120.00(Feet)
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Tax: $6,504
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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