EXIT Realty True North, Brokerage
32 Wallace TER
Sault Ste. Marie
P6C 1K1
$209,900
Multi-family
1,100 sq. ft.
built: 1930
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- SM262650
- Year Built:
- 1930
- Photos (30)
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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:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Total Living Area:
- 1,100 sq. ft.
- Taxes:
- $2,552.11 / -
- Community:
- Sault Ste. Marie
- Exterior Features:
- Aluminum siding
- Community Features:
- Bus Route
- Structure Type:
- Multi-Family
- Utilities:
- Natural Gas, Electricity, Cable, Telephone
- Fireplace:
- No
- Foundation:
- Concrete Perimeter
- Heating:
- Forced air
- # Storeys:
- 2.0
- Water:
- Municipal water
- Sewer:
- Municipal sewage system
- Basement:
- Full
- Fence Type:
- Fenced yard
- Lot Frontage:
- 42'
- Parking:
- Concrete
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Listed by Exit Realty True North
Data was last updated October 16, 2026 at 08:15 PM (UTC)
Area Statistics
- Listings on market:
- 54
- Avg list price:
- $294,450
- Min list price:
- $1,500
- Max list price:
- $1,749,900
- Avg days on market:
- 38
- Min days on market:
- 1
- Max days on market:
- 198
- Avg price per sq.ft.:
- $132.01
These statistics are generated based on the current listing's property type
and located in
Sault Ste. Marie. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- KIM PORCO
- EXIT REALTY LAKE SUPERIOR, BROKERAGE
- 1 (705) 2971329
- Contact by Email
EXIT Realty True North, Brokerage
1-207 Northern Avenue E
Sault Ste. Marie, ON P6B 4H9