Space
Finished area and layout
- Living Area
- 1,100 sqft





Property Snapshot
MLS #SM262650
Finished area and layout
Type, style and structure
This multi-family in Sault Ste. Marie offers 1,100 sqft of living area on a 42.0 frontage lot. Built in 1930, 2 storeys. The home features forced air heating, a full basement.
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:60351)
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Land, frontage and setting
Price, taxes and monthly charges
Listed by Tyler Burzese, Exit Realty True North
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Listed by Tyler Burzese, Exit Realty True North · MLS# SM262650
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