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Today

$125K

Sault Ste. Marie, Ontario, P6C4V2

3 bd1 ba1,140 ft²

Listed by Century 21 Choice Realty Inc.

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Sault Ste. Marie, Ontario, P6B3G1

3 bd2 ba1,160 ft²

Listed by Exit Realty True North

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Sault Ste. Marie, Ontario, P6B5E1

2 bd1 ba1,000 ft²

Listed by Exit Realty True North

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Sault Ste. Marie, Ontario, P6C3E9

3 bd1 ba

Listed by Royal LePage® Northern Advantage

Investment analysis

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$374,900

Sault Ste. Marie

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$374,900

For saleJust listed

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

Sault Ste. Marie, Ontario, P6C4K4

3 beds1 bath1,077 ft²Listed 5 days ago

Overview

This 3-bedroom, 1-bathroom home in Sault Ste. Marie is for sale offering roughly 1,077 sq ft of space. It has been on the market 5 days, fresher than the Sault Ste. Marie average of 54 days.

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

Description

GREAT INVESTMENT OPPORTUNITY! POTENTIAL LOT SEVERANCE! A fantastic opportunity for investors, builders or buyers looking to maximize the potential of a property! Situated on a spacious corner lot with over 140 feet of frontage on Korah Road, this property may offer the opportunity to sever a portion of the lot and build a duplex, triplex, fourplex, townhome or single-family dwelling, while retaining the existing home for rental income or future resale! A separate water line has already been brought onto the property, adding further potential and value for future development. The existing home has been meticulously maintained by the current owners over the years and is ready for a new family to make memories. Offering a spacious layout with 3 bedrooms upstairs, a bright, open-concept design, large eat-in kitchen, generous living room and 4-piece bathroom. The basement provides plenty of storage, potential for additional recreation space and even features a sauna. Additional features include a detached garage with hydro and propane wall heater, a NEW gas forced-air furnace and central air (2026), newer shingles and vinyl windows. Whether you're looking for an investment, development potential or a well-maintained home with room to grow, this is an opportunity worth exploring! Call today! (id:66096)

Property Details

MLS®: SM263032
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Half Baths: 0
Interior Size: 1,077 ft²
Style: Bungalow
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage, Gravel
Property Tax: $3,542.73/yr
Listed: 5 days ago

Rooms

Main level

Kitchen: 11x16
Living room: 11X20.6
Bathroom: 4PC
Primary Bedroom: 11X10
Bedroom: 10X10
Bedroom: 9X8

Basement

Laundry room: x0
Cold room: X0
Bonus Room: SAUNA
Bathroom: ROUGHED IN 2PC

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Window Coverings
Foundation: Poured Concrete
Exterior: Siding
Lot Features: Corner Site, Crushed stone driveway

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Natural Gas, Electricity, Cable, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Sault Ste. Marie listings, avg age

54d

Price / ft²

$348

List price

$375K

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.

Haho

This 3-bed single family in Sault Ste. Marie has been listed for 5 days, which is 49 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Century 21 Choice Realty Inc. · Carlo Gervasi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P6C)

This home lists at $374,900, about 5.2× the local median household income of $71,500.

Carrying it typically needs a household income of about $73,231 (20% down, 25-yr amortization, stress-tested) — roughly 2% above 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)

$374,900· $348/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,745

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,246 capitalized)

Property tax (est.)$295/mo

Total monthly$2,270

Cash Needed to Close

Down payment (5%)$18,745

Land transfer tax$4,099

Est. closing costs$3,625

Total cash needed$26,469

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