18 Wellington Street W Sault Ste Marie, Ontario P6A 1H1

$800,000

Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, ideally located at the base of North Streetjust steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. The building features 2 spacious two-bedroom units and 3 one-bedroom units, with two units currently vacantoffering immediate upside through market rent potential. At current market rents, the property is capable of generating nearly a 10% cap rate. Additional income is generated through a coin-operated washer and dryer. A large, paved parking lot provides ample tenant parking. Recent updates include a new high-efficiency gas furnace and cosmetic upgrades in several units, including fresh paint and updated trim. The basement features a wide open layout with plenty of space, ideal for additional paid tenant storage or future development opportunities. (id:49712)

Property Details

MLS® Number	X12107273
Property Type	Multi-family
Community Name	West
Parking Space Total	5

Building

Appliances	Dryer, Stove, Washer, Refrigerator
Heating Fuel	Natural Gas
Heating Type	Other
Size Interior	3,000 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	120 Ft
Size Frontage	110 Ft
Size Irregular	110 X 120 Ft
Size Total Text	110 X 120 Ft
Zoning Description	B3s

https://www.realtor.ca/real-estate/28222705/18-wellington-street-w-sault-ste-marie-west-west