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32 Wallace Ter

Sault Ste. Marie, ON P6C1K1

About this property

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:13843)

About this property

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:13843)

Features and Additional Information

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$209,900 Active
1,100 sqft
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Presented By Trevor Docherty, Broker/Owner

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Get in touch today! Phone: 1-705-787-5060
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Area Information

| County |

$ 209,900
This listing is play_arrow 31.3% higher than the average in the area
$ 159,900 in the area
1,100 SqFt
This listing is play_arrow 39.5% smaller than the average in the area
1,818 SqFt in the area
$ 191 $/SqFt
This listing is play_arrow 117.0% more than the average in the area
$ 88 $/SqFt in the area
32 days on site
This listing is play_arrow 255.6% above the average in the area
9 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School

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Listed By Tyler Burzese
Brokerage: Exit Realty True North

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