$79,900

For sale

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21 CATHCART Street, Sault Ste. Marie - Multi-family for Sale

21 CATHCART Street, Sault Ste. Marie, Ontario, P6A1C9

1 bed1 bath2 parking ft²

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

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

For saleJust listed

6 days ago

$130K

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

1 bd1 ba2 pk1,401 ft²

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

Investment analysis

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$79,900

Sault Ste. Marie

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3,049 sq ft lot size

Overview

This multi-family property in Sault Ste. Marie is for sale offering roughly 1,462 sq ft of space. It has been on the market 16 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

This two-storey detached home is centrally located in downtown Sault Ste. Marie, within walking distance to the waterfront, station mall, restaurants, shopping and other amenities on the transit route. The property requires significant repairs and rehabilitation, and is being sold in its current condition. The home is currently boarded, with access limited. A great opportunity for contractors, renovators or investors! (id:66096)

Property Details

MLS®: 40872284
Property Type: Multi-family
Zoning: R3
Bedrooms: 1
Bathrooms: 1
Parking: 2
Interior Size: 1,462 ft²
Lot Size: 3,049 sq ft
Frontage: 40 ft
Units: 1
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $1,350/yr
Listed: 16 days ago

Features

Foundation: Block
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Sault Ste. Marie listings, avg age

54d

Price / ft²

$55

List price

$80K

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 16 days, which is 38 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 $79,900, about 1.0× the local median household income of $78,000.

Carrying it typically needs a household income of about $15,607 (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)

$79,900· $55/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $3,995

Min 5%50%

Mortgage payment$421/mo

↳ CMHC premium ($3,036 capitalized)

Property tax (est.)$113/mo

Total monthly$533

Cash Needed to Close

Down payment (5%)$3,995

Land transfer tax$524

Est. closing costs$2,740

Total cash needed$7,259

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