Here’s the value-add investment opportunity you’ve been waiting for. This solid, purpose-built brick 4-plex is located in a desirable west end neighbourhood close to Market Mall, public transit, and all amenities. The building features four self-contained units, including three spacious 2-bedroom units and one spacious 3-bedroom unit. Each unit is separately metered with five hydro meters in the building, allowing tenants to pay their own power and keeping your operating costs down. Additional income potential comes from the on-site coin laundry, and each unit benefits from individual storage. Most of the units have already been updated with new flooring, doors, trim, and paint. The building offers secure front and rear entrances and ample parking for tenants. What truly sets this property apart is that three of the four units are currently vacant, giving you a rare chance to set your own rents at current market value from day one. Whether you’re a seasoned investor looking to expand your portfolio, or a new buyer seeking a strong income-generating asset with upside, this property offers the flexibility, location, and potential to deliver solid returns. Don’t miss out on this rare opportunity in a tight rental market. (id:2493)
Data was last updated July 31, 2025 at 03:45 PM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$234,900
Min list price:
$45,000
Max list price:
$1,150,000
Avg days on market:
59
Min days on market:
1
Max days on market:
155
Avg price per sq.ft.:
$158.24
These statistics are generated based on the current listing's property type
and located in
Sault Ste. Marie. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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