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Royal LePage
Royal LePage
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$269,900

Sault Ste. Marie ON, P6B 1P7

MLS® # SM252714

Property Information:

**Prime Investment Opportunity: Income-Generating Multifamily Property** Located at 346 Bruce Street , Sault Ste. Marie this multifamily building features three distinct units, each offering strong rental income and significant potential for future growth. The upstairs three-bedroom unit rents for $1608/month plus utilities, providing a spacious and comfortable living space. The lower two-bedroom unit, rented at $1,350/month plus utilities, is cozy and well-maintained and recently renovated. Additionally, there is an unfinished bachelor unit with great potential to increase cash flow. This property is cash flow positive, with reliable tenants and ready for the next investor. It's conveniently located near schools, shopping centres, and public transportation, making it an attractive option for renters. With low maintenance needs and room for value-adding renovations, this multifamily property presents a solid investment opportunity with immediate returns and future development possibilities. Call today to schedule a viewing and explore its potential! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Basement Type: Full
  • Exterior Finish: Brick, Siding, Vinyl
  • Floor Space: 3000 sqft
  • Foundation Type: Stone
  • Roof Style: Flat
  • Heating Type: Baseboard heaters, Forced air

Property Features:

  • Property Type: Multi-family
  • Access Type: Road access
  • Built in: 1901
  • Communication Type: High Speed Internet
  • Community Features: Bus Route
  • Features: Corner Site
  • Floor Space (approx): 3000 Square Feet
  • Lot Frontage: 98.9
  • Utility Type: Hydro - Available, Natural Gas - Available, Telephone - Available, Cable - Available
  • Sewer: Municipal sewage system
  • Parking Type: Gravel

Courtesy of: Century 21 Choice Realty Inc.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 346 Bruce ST, Sault Ste. Marie, Ontario, P6B 1P7

Demographic Information of 346 Bruce ST, Sault Ste. Marie, Ontario, P6B 1P7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,224.70

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.48 %

High school certificate or equivalent

41.17 %

Apprenticeship trade certificate/diploma

7.16 %

College/non-university certificate

23.57 %

University certificate (below bachelor)

2.23 %

University Degree

14.4 %

Commuter

Travel To Work

By Car

89.03 %

By Public Transit

0.0 %

By Walking

3.97 %

By Bicycle

0.0 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.9 %

Houses

86.1 %

Own Vs. Rent

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