- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12165368
- Bus Major:
- Apts - 13 To 20 Units
- Photos (14)
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Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites - 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67,000 per unit - way below replacement costs. ROI is over 16% on asking price. CASH FLOW......
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 18339 sq. ft. Acres
- Total Area:
- 18,338.76 sq. ft.
- Depth:
- 234'9½"
- Frontage:
- 129'11⅞"
- Lot Shape:
- Other
- Water supply:
- Municipal
- Zoning:
- Highway Zone
- Heating type:
- Baseboard
- Garage:
- Outside/Surface
- Lot Irregularities:
- irregular
- HST Applicable To Sale Price:
- Not Subject to HST
- Assessment:
- $308,000
- Assessment Year:
- 2024
- Type Taxes:
- Annual
- Taxes:
- $18,285 / 2024
- Assessment:
- $308,000.00 / 2024
- Sault Ste Marie
- Algoma
- Major Highway, Public Transit
- No
- Utilities:
- Available
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Air Conditioning:
- Partial
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $160,000
- Net Income Before Debt:
- $80,000
- Expenses Actual/Estimated:
- Estimated
- Year Expenses:
- 2025
- Major Business Type:
- Apts - 13 To 20 Units
- Category:
- Apartment
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Listed by COMMERCIAL FOCUS REALTY INC.
Data was last updated June 6, 2025 at 06:15 AM (UTC)
- ANDREW JOHN COCKS
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 1-705-380-3166
- info@cocksrealty.ca
- LAURA BLAKEY
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 705-349-8060
- laura@cocksrealty.ca
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