$129,900

For saleJust listed

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14 ABBOTT Street, Sault Ste. Marie - Multi-family for Sale

14 ABBOTT Street, Sault Ste. Marie, Ontario, P6A2V9

1 bed1 bath parking

Sault Ste. Marie, Ontario, P6B2K5

1,850 ft²

Listed by Royal LePage® Northern Advantage

292 PIM Street, Sault Ste. Marie, Ontario, P6B2T5

For saleJust listed

2 days ago

$170K

292 PIM Street, Sault Ste. Marie, Ontario, P6B2T5

1 bd1 ba4 pk2,140 ft²Lot size 2,178 sq ft

Listed by Royal LePage Burloak Real Estate Services

For saleJust listed

6 days ago

$130K

Sault Ste. Marie, Ontario, P6A2V9

1,401 ft²

Listed by Royal LePage® Northern Advantage

For saleJust listed

6 days ago

$170K

Sault Ste. Marie, Ontario, P6B2T5

2,140 ft²

Listed by Century 21 Choice Realty Inc.

Investment analysis

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$129,900

Sault Ste. Marie

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Overview

This multi-family property in Sault Ste. Marie is for sale offering roughly 1,401 sq ft of space. It has been on the market 6 days, fresher than the Sault Ste. Marie average of 54 days.

Multi-Family Properties for Sale in Sault Ste. Marie →All real estate in Sault Ste. Marie →

Description

An affordable opportunity in the downtown core of Sault Ste. Marie! This duplex offers excellent potential for both owner-occupants looking to offset their mortgage with rental income and investors seeking to add to their portfolio. With two separate units, this property provides flexibility and income-generating potential in a convenient central location close to downtown amenities, shopping, restaurants, and everyday essentials. Whether you're looking to get started in real estate investing or secure an affordable property with added income potential, 14 Abbott Street is worth a look! (id:66096)

Property Details

MLS®: 40875031
Property Type: Multi-family
Zoning: R3
Bedrooms: 1
Bathrooms: 1
Parking: 2
Interior Size: 1,401 ft²
Frontage: 29 ft
Units: 1
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $2,097.21/yr
Listed: 6 days ago

Features

Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Sault Ste. Marie listings, avg age

54d

Price / ft²

$93

List price

$130K

Homes here sell faster than most markets

Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 1-bed multi-family in Sault Ste. Marie has been listed for 6 days, which is 48 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Royal LePage Burloak Real Estate Services · Steve Wilkins

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P6A)

This home lists at $129,900, about 1.7× the local median household income of $78,000.

Carrying it typically needs a household income of about $25,374 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $78,000
Population: 33,800
Median age: 47.2
Owner / renter: 70% / 31%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P6A)

$129,900· $93/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $6,495

Min 5%50%

Mortgage payment$684/mo

↳ CMHC premium ($4,936 capitalized)

Property tax (est.)$175/mo

Total monthly$859

Cash Needed to Close

Down payment (5%)$6,495

Land transfer tax$1,024

Est. closing costs$2,890

Total cash needed$10,409

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice