$85,000

For saleJust listed

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

Sault Ste. Marie, Ontario, P6A3E9

1,400 ft²Listed 7 days ago

Overview

This multi-family property in Sault Ste. Marie is for sale offering roughly 1,400 sq ft of space. It has been on the market 7 days, fresher than the Sault Ste. Marie average of 54 days.

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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$85,000

Sault Ste. Marie

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Description

Investment Opportunity! Centrally located close to all amenities, this property is a legal duplex offers an opportunity for investors looking to take on a renovation project. The property features two residential units, each with separate gas and hydro meters. Currently in poor condition, the building requires repairs and improvements throughout. With the right approach, this property offers potential for investors looking to restore and add value to an existing income-producing property. Please note: No interior access or showings will be permitted prior to an accepted offer. The property has been priced accordingly to reflect its current condition. (id:66096)

Market Timing

Days on market

Sault Ste. Marie listings, avg age

54d

Price / ft²

$61

List price

$85K

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 $85,000, about 1.1× the local median household income of $78,000.

Carrying it typically needs a household income of about $16,603 (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)

$85,000· $61/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $4,250

Min 5%50%

Mortgage payment$448/mo

↳ CMHC premium ($3,230 capitalized)

Property tax (est.)$194/mo

Total monthly$642

Cash Needed to Close

Down payment (5%)$4,250

Land transfer tax$575

Est. closing costs$2,755

Total cash needed$7,580

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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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