114-116 East Balfour ST, Sault Ste. Marie, Ontario, P6C1X5

Property Description

Turn key investment opportunities like this are rare. This purpose-built duplex-style income property is currently configured and rented as four self-contained residential 2-bedroom units with strong tenants already in place One unit is currently vacant, presenting an excellent opportunity for the new owner to set market rents and maximize returns, or comfortably occupy one suite while the remaining units help offset the mortgage. Ideally located in the desirable West End, just steps from HM Robbins Elementary School, this property combines quality construction with an exceptional location. Thoughtfully designed with quality and tenant comfort in mind, each spacious unit features bright open-concept living, in-unit laundry, and functional layouts, with wheelchair-accessible main-floor suites enhancing long-term rental appeal. The main-floor units feature attached garages and patio doors leading to private backyard spaces, while the upper suites offer patio doors opening to elevated balconies, creating desirable outdoor living areas for every tenant. Professionally maintained throughout, the property includes updated (2022) Navien gas combi boilers, air exchangers, separate utility rooms with exterior access, and separate power meters so tenants pay their own electricity, contributing to excellent operating efficiency. This is a rare opportunity to acquire a well-built, income-generating asset offering stability, efficiency, and strong upside potential. An outstanding addition to any investment portfolio for buyers seeking dependable cash flow and long-term appreciation.

Quick Facts

• Property Type: Multi-Family
• Bedrooms:
• Bathrooms:
• Living Area: 3,908 sq ft (363.1 m²)
• Year Built: 1997
• Attached: Yes
• Frontage: 60 ft (18.3 m)
• Amenities: Bus Route

Costs

• Annual Taxes: $8,530.48