$209,900 $1,127 est/mo Sourced by Back At You
32 Wallace Ter,Sault Ste. Marie, ON P6C1K1
Sault Ste. Marie, ON P6C1K1
Description
Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow! (id:13843)
Details
| MLS # | SM262650 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1930 |
| Days On Site | 32 |
| Listing Provided By | Exit Realty True North | Tyler Burzese |
Features
| SQ Feet | 1,100 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
Interior
| Heating | Forced air |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Fencing | Fenced yard |
Parking
| Parking Features | Concrete |
|---|
Utilities
| Utilities | Natural Gas, Electricity, Cable, Telephone |
|---|---|
| Sewer | Municipal sewage system |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2552.11 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6C1K1 |
| Listing VS Median (in P6C1K1) | |
Price: $209,900 low | high Med: $159,900 sqft: 1,100 low | high Med: 1,818 $ / sqft: $191 low | high Med: $88 On site: 32 low | high Med: 9 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6C1K1 |
| Listing VS Median (in P6C1K1) | |
Price: $209,900 low | high Med: $159,900 sqft: 1,100 low | high Med: 1,818 $ / sqft: $191 low | high Med: $88 On site: 32 low | high Med: 9 | |
Nearby Listings (Within 1/2 mile)
Price: $157K - $262K
sqft: 825 - 1,000
Listing Updated: October 25, 2026 at 5:41:30 AM PDT
