128 Second LIN W, Sault Ste. Marie, Ontario, P6C2H9

Property Description

Welcome to 128 Second Line West ($949,500), an exceptional multi-unit income property offering immediate cash flow and incredible long-term development potential. This solid six-unit building features four 2-bedroom apartments, one 1-bedroom unit, and one spacious 3-bedroom unit, providing a balanced mix of rental options to attract a variety of tenants. Situated on an impressive 475-foot deep lot, this property opens the door to future possibilities and envision constructing another 6-plex, commercial building, or mixed-use development, subject to city approval. With the 6-plex itself, the groundwork is already laid for success, with a brand-new $43,000 maintenance-free metal roof that was recently installed, ensuring peace of mind for years to come. While some updating would enhance returns and appeal, the fundamentals are rock-solid: strong structure, desirable location, and exceptional land value. Located close to grocery stores, shopping and strip malls, the Beer Store, and countless amenities, tenants enjoy unmatched convenience. This is more than a property, it's an investment in growth, flexibility, and long-term security. Don't miss your chance to add a cornerstone asset to your portfolio. Call for additional information or to book a showing. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 4,352 sq ft (404.3 m²)
• Year Built: 1949
• Attached: Yes
• Frontage: 71 ft (21.6 m)

Costs

• Annual Taxes: $7,550.00

Listing Provided by: Century 21 Choice Realty Inc.
Board: Sault Ste. Marie Real Estate Board
Data provided via CREA DDF®.