$299,900

For sale

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

Sault Ste. Marie, Ontario, P6C4X7

10 beds2 baths2,880 ft²Listed 59 days ago

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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$299,900

Sault Ste. Marie

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Overview

This 10-bedroom, 2-bathroom home in Sault Ste. Marie is for sale offering roughly 2,880 sq ft of space. Listed at $299,900, it is attractively priced about 14% below the $349,900 median asking price in Sault Ste. Marie.

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

Description

Rare chance to purchase a 10-bedroom, 2 bathroom home with extra large 30' x 40' garage on a concrete pad with electricity. Home has seen a number of improvements over the last decade including: 200 amp service, most wiring, plumbing, roof, flooring, bathrooms. Previously used and retrofitted as a rooming house, rooms would rent for a market rate of $600-$650 each. Fire alarm system and steel doors on room are still in place. Home is being sold as is as Seller has never occupied the property. (id:66096)

Rooms

Main level

Living room: 17.4 x 12
Dining room: 21.5 x 11.6
Kitchen: 11.4 x 8
Laundry room: 11 x 7
Porch: 29.6 x 5.6
Primary Bedroom: 14 x 11.6
Bedroom: 11.6 x 8
Bedroom: 14.2 x 14
Bathroom: 8 x 8

Second level

Bedroom: 11.4 x 11.4
Bedroom: 12 x 11.3
Bedroom: 11.7 x 10.2
Bedroom: 14.4 x 8
Bedroom: 11.4 x 7
Bedroom: 11.8 x 9.8

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

59d

Sault Ste. Marie listings, avg age

57d

Price / ft²

$104

List price

$300K

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 (P6C)

This home lists at $299,900, about 4.2× the local median household income of $71,500.

Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,500
Population: 18,766
Median age: 46.4
Owner / renter: 74% / 26%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P6C)

$299,900· $104/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$162/mo

Total monthly$1,742

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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

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

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Description

Property Details

Rooms

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Market Timing

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Neighbourhood profile (P6C)

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