$79,900

For sale

Sault Ste. Marie, Ontario, P6B2K5

1,850 ft²

Listed by Royal LePage® Northern Advantage

292 PIM Street, Sault Ste. Marie, Ontario, P6B2T5

For saleJust listed

2 days ago

$170K

292 PIM Street, Sault Ste. Marie, Ontario, P6B2T5

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

Listed by Royal LePage Burloak Real Estate Services

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

For saleJust listed

6 days ago

$130K

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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$79,900

Sault Ste. Marie

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Overview

This multi-family property in Sault Ste. Marie is for sale offering roughly 1,880 sq ft of space. It has been on the market 13 days, fresher than the Sault Ste. Marie average of 54 days.

Multi-Family Properties for Sale in Sault Ste. Marie →All real estate in Sault Ste. Marie →

Description

Opportunity awaits at 660 Queen St. W! This solid brick duplex offers excellent potential for investors looking to add value to their portfolio. Featuring a two bedroom main floor unit, a three bedroom upper unit, gas forced air heating, an asphalt driveway, a detached garage, and a large fenced yard with three additional parking spaces accessible from the rear laneway. This property has plenty to offer. Conveniently situated close to amenities and directly along a public transit route. While extensive repairs and renovations are required, the potential to transform this property into an income generating investment is worth exploring. Bring your vision and make the most of this opportunity! The price is right!! Contact your REALTOR® today to arrange a showing! (id:66096)

Market Timing

Days on market

13d

Sault Ste. Marie listings, avg age

54d

Price / ft²

$43

List price

$80K

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 $79,900, about 1.0× the local median household income of $78,000.

Carrying it typically needs a household income of about $15,607 (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)

$79,900· $43/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $3,995

Min 5%50%

Mortgage payment$421/mo

↳ CMHC premium ($3,036 capitalized)

Property tax (est.)$166/mo

Total monthly$587

Cash Needed to Close

Down payment (5%)$3,995

Land transfer tax$524

Est. closing costs$2,740

Total cash needed$7,259

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

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

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