$129,900

For sale

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246 St. James Street, Sault Ste Marie - Single Family for Sale

246 St. James Street, Sault Ste Marie, Ontario, P6A1P6

3 beds2 baths3 parking ft²

Sault Ste Marie, Ontario, P6B2B4

3 bd2 ba1,278 ft²

Listed by EXP Realty Brokerage

For sale

11 days ago

$480K

Sault Ste Marie, Ontario, P6C6C6

3 bd2 ba1,290 ft²

Listed by Eric Brauner Real Estate Brokerage

For sale

24 days ago

$285K

Sault Ste Marie, Ontario, P6A5J3

3 bd2 ba

Listed by Eric Brauner Real Estate Brokerage

36 St Georges Avenue East, Sault Ste Marie, Ontario, P6B1W7

For sale

27 days ago

$150K

36 St Georges Avenue East, Sault Ste Marie, Ontario, P6B1W7

3 bd1 ba2 pk1,300 ft²Lot size 25 × 100 ft (2,500 sq ft)

Listed by ROYAL LEPAGE FLOWER CITY REALTY

Investment analysis

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$129,900

Sault Ste Marie

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Description

Attention investors: duplex opportunity at 246 St James St! This duplex features a 1-bedroomunit on the main floor and a 2-bedroom unit on the upper level, offering a versatile setup for investors or an owner occupant looking to build equity. The property requires some repairs and cosmetic updating, making it an excellent fit for a handy buyer or investor ready to add value. Gas forced-air heating and a spacious backyard add to the property appeal, with the outdoor space well suited for the main-floor tenant or an owner-occupied unit. A solid opportunity to improve, reposition and make the most of an affordable duplex. (id:66096)

Property Details

MLS®: X13774008
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 27 × 125 ft (3,313 sq ft)
Frontage: 27 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,097.21/yr
Listed: 56 days ago

Rooms

Ground level

Kitchen: 3.05 x 2.97 meters
Living room: 3.89 x 3 meters
Bedroom: 3.94 x 2.49 meters
Bathroom: 1 x 1 meters

Second level

Kitchen: 3.96 x 3.43 meters
Living room: 3.91 x 3 meters
Bedroom: 3.71 x 2.95 meters
Bedroom: 4.83 x 3.48 meters
Bathroom: 1 x 1 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

56d

Sault Ste Marie listings, avg age

58d

Price / ft²

$74

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.

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· $74/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

246 St. James Street, Sault Ste Marie - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P6A)

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Full Cost Breakdown