859 Trunk Road, Sault Ste Marie, ON P6A 3T3

  • $1,155,000
859 Trunk Road, Sault Ste Marie, ON P6A 3T3
  • X12165368
  • MLS® Number
  • Investment, Commercial
  • Property Type
  • 0.421
  • Sqft
Active For Sale
859 Trunk Road, Sault Ste Marie, ON P6A 3T3
859 Trunk Road, Sault Ste Marie, ON P6A 3T3
  • $1,155,000

Description

Northern part of Sault Saint Marie on a major thoroughfare. 17 rental apartment suites – 16 bachelors and 1 one bed. Large site with ample surface parking. Fully occupied with rental upside. Many suites have been updated in the past 2 years. Solid wood frame construction and great curb appeal. Low maintenance building with no common areas, elevator or underground parking. Great first time investor purchase. Management in place to assume if needed. Asking a 7% cap rate or $67,000 per unit – way below replacement costs. ROI is over 16% on asking price. CASH FLOW……

Details

MLS® Number
X12165368
Property Size
0.421 Sqft
Updated on May 24, 2025 at 3:59 pm

Additional details

  • Utilities: Available
  • Cooling: Partial
  • County: Algoma
  • Property Type: Commercial Sale
  • Community Features: Major Highway,Public Transit

Address

  • Address 859 Trunk Road
  • City Sault Ste Marie
  • State/county ON
  • Zip/Postal Code P6A 3T3
  • Country CA

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
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