188 Church St Sault Ste. Marie, Ontario P6A 3H5
$369,900
188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:15477)
Property Details
| MLS® Number | SM261200 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| Communication Type | High Speed Internet |
| Community Features | Bus Route |
| Storage Type | Storage Shed |
Building
| Basement Type | Full |
| Constructed Date | 1904 |
| Exterior Finish | Brick, Steel |
| Foundation Type | Stone |
| Heating Type | Boiler, Radiant/infra-red Heat |
| Stories Total | 2 |
| Size Interior | 2,750 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Gravel |
Land
| Access Type | Road Access |
| Acreage | No |
| Fence Type | Fenced Yard |
| Sewer | Municipal Sewage System |
| Size Frontage | 70.0000 |
| Size Total Text | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29813491/188-church-st-sault-ste-marie-sault-ste-marie
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May 28 2026 03:32:16
Sault Ste. Marie Real Estate Board
Century 21 Choice Realty Inc.