32 Wallace Ter Sault Ste. Marie, Ontario P6C 1K1
1,100 sqft
Forced Air
$209,900
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:15069)
Property Details
| MLS® Number | SM262650 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| Community Features | Bus Route |
Building
| Basement Type | Full |
| Constructed Date | 1930 |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Concrete Perimeter |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Concrete |
Land
| Access Type | Road Access |
| Acreage | No |
| Fence Type | Fenced Yard |
| Sewer | Municipal Sewage System |
| Size Frontage | 42.0000 |
| Size Total Text | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/30317787/32-wallace-ter-sault-ste-marie-sault-ste-marie
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September 25 2026 01:46:40
Sault Ste. Marie Real Estate Board
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