Space
Finished area and layout
- Building Area
- 1,550 sqft
+25 more
1,550 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- residential
- Style
- duplex / Duplex
- Ownership
- Freehold
- Basement
- Partial Basement
Lot
Land, frontage and setting
About This Property
This duplex in Sault Ste Marie offers 1,550 sqft of building area. The property has zoned R3. The home features other, a partial basement basement. Highlights include a none pool.
MLS Remarks
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!
Inclusions
2 fridges, 2 stoves, contents in garage for third unit including fridge, stove, vanity, vinyl flooring, 2 electric baseboards, toilets, sinks
Full Listing Details
Address32 Wallace Terrace, Sault Ste Marie, ON P6C 1K1
MLS#X13888252
Listing StatusNew
Property TypeResidential
Sub-TypeDuplex
TransactionSale
List DateSep 23, 2026
Days on Market19
Common InterestFreehold
Annual Tax$2,552 (2025)
Parking TypeOther
StyleDuplex
ConstructionAluminum Siding
CitySault Ste Marie
ProvinceOn
Postal CodeP6C 1K1
ZoningR3
Parking FeaturesOther
CoolingOther
BasementPartial Basement
RoofOther
FoundationOther
PoolNone
SewerSewer
Annual Tax$2,552 (2025)
2 fridges, 2 stoves, contents in garage for third unit including fridge, stove, vanity, vinyl flooring, 2 electric baseboards, toilets, sinks
n/a
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