$329,900

For sale

Address not available, Sault Ste. Marie - Multi-family for Sale

Sault Ste. Marie, Ontario, P6A3H7

2,356 ft²Listed 27 days ago

Overview

This multi-family property in Sault Ste. Marie is for sale offering roughly 2,356 sq ft of space. It has been on the market 27 days, fresher than the Sault Ste. Marie average of 54 days.

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1,850 ft²

Listed by Royal LePage® Northern Advantage

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1 bd1 ba4 pk2,140 ft²Lot size 2,178 sq ft

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14 ABBOTT Street, Sault Ste. Marie, Ontario, P6A2V9

1 bd1 ba2 pk1,401 ft²

Listed by Royal LePage Burloak Real Estate Services

For saleJust listed

6 days ago

$130K

Sault Ste. Marie, Ontario, P6A2V9

1,401 ft²

Listed by Royal LePage® Northern Advantage

Investment analysis

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$329,900

Sault Ste. Marie

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Description

This is a rare opportunity to own a beauty of a duplex in a convenient location. A wonderful building to add to your investment portfolio or ideal as an owner occupied property. Main level is tenant occupied at $1503 plus PUC. The upper unit is intentionally vacant so you can use for personal use (only 5% down owner occupied on a duplex) or set your own rent! The units are both spacious featuring high ceilings, 2 bedrooms and laundry. Main floor enjoys the basement for storage and garage is used by the owner. Garage access from the back lane also gives flexibility. Contact your Realtor® for your private tour and check out the video of the upper unit! (id:66096)

Market Timing

Days on market

27d

Sault Ste. Marie listings, avg age

54d

Price / ft²

$140

List price

$330K

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 $329,900, about 4.2× the local median household income of $78,000.

Carrying it typically needs a household income of about $64,441 (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)

$329,900· $140/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,495

Min 5%50%

Mortgage payment$1,738/mo

↳ CMHC premium ($12,536 capitalized)

Property tax (est.)$239/mo

Total monthly$1,976

Cash Needed to Close

Down payment (5%)$16,495

Land transfer tax$3,424

Est. closing costs$3,490

Total cash needed$23,409

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

Address not available, Sault Ste. Marie - Multi-family for Sale

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Neighbourhood profile (P6A)

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