128 Second LIN W

$799,900

Sault Ste. Marie, Sault Ste. Marie, Ontario

  • 4,352 square feet
Commercial · Multi-familyType
1949Year built
Baseboard heaters, Forced airHeating
310Days on market
$184 / sqftPrice / sqft

About this property

Welcome to 128 Second Line West ($949,500), an exceptional multi-unit income property offering immediate cash flow and incredible long-term development potential. This solid six-unit building features four 2-bedroom apartments, one 1-bedroom unit, and one spacious 3-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. Situated on an impressive 475-foot deep lot, this property opens the door to future possibilities and envision constructing another 6-plex, commercial building, or mixed-use development, subject to city approval. With the 6-plex itself, the groundwork is already laid for success, with a brand-new $43,000 maintenance-free metal roof that was recently installed, ensuring peace of mind for years to come. While some updating would enhance returns and appeal, the fundamentals are rock-solid: strong structure, desirable location, and exceptional land value. Located close to grocery stores, shopping and strip malls, the Beer Store, and countless amenities, tenants enjoy unmatched convenience. This is more than a property, it’s an investment in growth, flexibility, and long-term security. Don’t miss your chance to add a cornerstone asset to your portfolio. Call for additional information or to book a showing. (id:66327)

Property details

Interior

Living area
4,352 square feet
Storeys
2
Basement
Full

Exterior & parking

Structure type
Multi-Family
Architectural style
[]
Exterior features
Brick, Siding

Building & HOA

Year built
1949
Heating
Baseboard heaters, Forced air

Financial & legal

List price
$799,900
Price / sqft
$184 / sqft
Annual taxes
$7,550
Status
Active
MLS® number
SM253131

Location

City
Sault Ste. Marie
Neighbourhood
Sault Ste. Marie
Province
Ontario
Postal code
P6C2H9

Mortgage calculator

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Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).