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40 Hynes Street
Sault Ste Marie Algoma P6A 3E4

$2,255,000 /For Sale
Commercial

Main Photo: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 1: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 2: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 3: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 4: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 5: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 6: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 7: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 8: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 9: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 10: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 11: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 12: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 13: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 14: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 15: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 16: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Photo 17: 40 Hynes Street in Algoma: Commercial for sale (Sault Ste Marie)  : MLS®# X12241764
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12241764
Bus Major:
Apts - Over 20 Units
2 storey frame former motel converted years ago to rental apartment structure. Brick exterior, double windows and flat roof. Walk up building with very little common areas. Many suites renovated and over $180,000 recently spent in updating the asset. 36 bachelors / 5 one beds / 1 three bed. 3 vacant suites under renovation. Well located steps to downtown - retail and waterfront. Management in place and can be assumed.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
19079 sq. ft. Acres
Total Area:
19,079.28 sq. ft.
Depth:
104'11"
Frontage:
200'
Lot Shape:
Irregular
Water supply:
Municipal
Soil Test:
Yes
Zoning:
R4
Heating type:
Gas Hot Water
Garage:
Outside/Surface
HST Applicable To Sale Price:
Not Subject to HST
Assessment:
$981,000
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$18,141 / 2024
Assessment:
$981,000.00 / 2024
Sault Ste Marie
Algoma
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
No
Net Income Before Debt:
$175,000
Expenses Actual/Estimated:
Estimated
Year Expenses:
2025
Business/Building Name:
HYNES MANOR
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
Jun 24, 2025
Original Price:
Previous Price:
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Listed by COMMERCIAL FOCUS REALTY INC.
Data was last updated July 11, 2025 at 04:15 PM (UTC)
ANDREW JOHN COCKS
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