$800,000
Available - For Sale
Listing ID: X12107273
18 Wellington Street West , Sault Ste Marie, P6A 1H1, Algoma
| Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, ideally located at the base of North Streetjust steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. The building features 2 spacious two-bedroom units and 3 one-bedroom units, with two units currently vacantoffering immediate upside through market rent potential. At current market rents, the property is capable of generating nearly a 10% cap rate. Additional income is generated through a coin-operated washer and dryer. A large, paved parking lot provides ample tenant parking. Recent updates include a new high-efficiency gas furnace and cosmetic upgrades in several units, including fresh paint and updated trim. The basement features a wide open layout with plenty of space, ideal for additional paid tenant storage or future development opportunities. |
| Price | $800,000 |
| Taxes: | $6504.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 18 Wellington Street West , Sault Ste Marie, P6A 1H1, Algoma |
| Postal Code: | P6A 1H1 |
| Province/State: | Algoma |
| Legal Description: | PT LT 73 PL 453 KORAH PT 1, 2 1R4584; SA |
| Directions/Cross Streets: | Wellington St W & North St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 3000.00 |
| Total Area Code: | Square Feet |
| Water Expense: | $1139 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | Algoma |
| Municipality: | Sault Ste Marie |
| Neighbourhood: | West |
| Tax: | $6,504 |
| Fireplace: | N |
Locatin Map:
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