$139,900

For sale

Sault Ste. Marie, Ontario, P6A5E1

3 bd2 ba

Listed by Remax Sault Ste. Marie Realty Inc.

For saleJust listed

Yesterday

$390K

Sault Ste. Marie, Ontario, P6A5Z2

3 bd2 ba1,134 ft²

Listed by Exit Realty True North

For saleJust listed

Yesterday

$350K

Sault Ste. Marie, Ontario, P6B5B5

5 bd2 ba

Listed by Century 21 Choice Realty Inc.

For saleJust listed

Yesterday

$440K

Sault Ste. Marie, Ontario, P6A4V2

4 bd2 ba1,119 ft²

Listed by Exit Realty True North

Investment analysis

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$139,900

Sault Ste. Marie

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Description

Welcome to 37 Albert St East, a two-bedroom, one-bathroom property offering approximately 1,100 sq. ft. 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 an income-producing asset in a highly convenient central location. With its practical layout and proximity 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 solid addition to any rental portfolio with the added benefit of a location that keeps everyday essentials close at hand. Call your Realtor® today! (id:66096)

Property Details

MLS®: SM262414
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Half Baths: 0
Interior Size: 1,100 ft²
Year Built: 1922
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Garage: No Garage
Property Tax: $1,338.3/yr
Listed: 64 days ago

Rooms

Main level

Living room/Dining room: 20'10" x 12'11"
Kitchen: 19' x 11'
Bedroom: 9'3" x 9'2"
Bathroom: 4-pc

Second level

Bonus Room: 21'7" x 11'4"
Bedroom: 11'6" x 11'4"

Basement

Utility room: 26' x 16'

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

64d

Sault Ste. Marie listings, avg age

57d

Price / ft²

$127

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· $127/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

Rental cashflow calculator

Address not available, Sault Ste. Marie - Single Family for Sale

Description

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Neighbourhood profile (P6A)

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