$929,000
Sault Ste. Marie
Sault Ste. Marie, Ontario, P6B1Y9
This other in Sault Ste. Marie is for sale offering roughly 6,455 sq ft of space. It has been on the market 36 days, fresher than the Sault Ste. Marie average of 54 days.
Exceptional investment opportunity at 373-377 McNabb Street! This fully occupied mixed-use property features five commercial units and two residential units, providing a diversified and established income stream. All commercial and residential tenants pay their own utilities, with separate hydro and gas meters, resulting in minimal utility expenses for the landlord. The property has benefited from numerous improvements, including new rear stair systems, a composite garbage and recycling enclosure, mechanical upgrades, a security camera system, and modernized interiors and finishes. With approximately 31 on-site parking spaces, strong existing occupancy, and future revenue growth opportunities, this well-maintained, turn-key property represents an excellent opportunity for an investor looking to acquire a solid income-producing asset in Sault Ste. Marie. Don't miss out - Book your viewing today! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 36 days on market, against an average age of 54 days across the listings currently for sale in this city
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.
This other in Sault Ste. Marie has been listed for 36 days, which is 18 days fresher than the city average of 54. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $929,000, about 13.5× the local median household income of $69,000.
Carrying it typically needs a household income of about $181,466 (20% down, 25-yr amortization, stress-tested) — roughly 163% above the area median.
Source: Statistics Canada, 2021 Census (FSA P6B)
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