$139,900

For sale

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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$139,900

Sault Ste Marie

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Overview

This 2-bedroom, 1-bathroom home in Sault Ste Marie is for sale offering roughly 900 sq ft of space. Listed at $139,900, it is attractively priced about 30% below the $199,900 median asking price in Sault Ste Marie. It has been on the market 46 days, fresher than the Sault Ste Marie average of 58 days.

Houses for Sale in Sault Ste Marie →All real estate in Sault Ste Marie →

Description

Welcome to 37 Albert St E, a two-bedroom, one-bathroom property offering approximately1100sqft of above ground living space in the heart of Sault Ste. Marie's downtown core.Currently tenanted, this property presents an excellent opportunity for investors seeking anincome-producing asset in a highly convenient central location. With its practical layout andproximity to downtown amenities such as shopping, dining, professional services, and transit,this property offers strong appeal for first time home buyers and investors alike. A solidaddition to any rental portfolio with the added benefit of a location that keeps everydayessentials close at hand. Call your Realtor today! (id:66096)

Property Details

MLS®: X13810988
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 30 × 120 ft (3,576 sq ft)
Frontage: 30 ft
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, No Garage
Ownership: Freehold
Property Tax: $1,338.3/yr
Listed: 46 days ago

Rooms

Ground level

Living room: 6.35 x 3.94 meters
Kitchen: 5.79 x 3.35 meters
Primary Bedroom: 2.82 x 2.79 meters
Bathroom: 1 x 1 meters

Second level

Family room: 6.58 x 3.45 meters
Bedroom: 3.51 x 3.45 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

46d

Sault Ste Marie listings, avg age

58d

Price / ft²

$155

List price

$140K

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 $139,900, about 1.8× the local median household income of $78,000.

Carrying it typically needs a household income of about $27,327 (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)

$139,900· $155/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $6,995

Min 5%50%

Mortgage payment$737/mo

↳ CMHC premium ($5,316 capitalized)

Property tax (est.)$112/mo

Total monthly$848

Cash Needed to Close

Down payment (5%)$6,995

Land transfer tax$1,124

Est. closing costs$2,920

Total cash needed$11,039

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

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Neighbourhood profile (P6A)

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