For Sale: 32 Wallace Ter, Sault Ste. Marie, ON - REW
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$209,900
0 bd • ba • 1100 sf • Multifamily
32 Wallace Ter
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$209,900
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32 Wallace TerSault Ste. Marie, ON, P6C 1K1

  • 0 Bed
  • Bath
  • 1100 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Tyler Burzese, Salesperson, Exit Realty True North

Home facts and features

Price details
List Price
$209,900
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Gross Taxes for 2026
$2,552
Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Concrete
Property Type
Multifamily
Depth
Frontage
42.0
Year Built
Built in 1930 (96 yrs old)
Exterior Finish
Aluminum siding
Heating Type
Forced air
Basement Details
Full
Agent details
Primary Agent
Tyler Burzese
Primary Broker
Exit Realty True North
Listing details
Days on REW
3 Days
MLS® Number
SM262650
Source
Canadian Real Estate Association
Board
Sault Ste. Marie Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Notre-Dame-du-Sault School
  • Catholic
  • JK - 12
Superior Heights Collegiate
  • Public
  • 7 - 12
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      Tyler Burzese
      Office:
      705-942-6500
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