18 WELLINGTON STREET WEST

Sault Ste Marie (West), , P6A1H1, Canada

$750,000

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.

EXTRAS: Washer, Refrigerator, Stove, Dryer

Last updated on : Friday 30th of May 2025 10:35:19 AM

ADDRESS

Street : 18 WELLINGTON STREET WEST

City : Sault Ste Marie (West)

Country : Canada

Postal Code : P6A1H1

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PROPERTY SUMMARY

Property ID : X12107273

Building Type : Multi-Family

Property Type : Multi-family

Parking : 5

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