114-116 East Balfour St, Sault Ste. Marie, Ontario P6C 1X5

Listed for:
$769,900
0 beds
0 baths
Listed 13 days ago
Multi-Family for rent: 114-116 East Balfour St, Sault Ste. Marie, Ontario P6C 1X5

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About

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. (id:27476)

Property Highlights

MLS® Number
SM261039
Type
Multi-family
Community Name
Sault Ste. Marie
Land Size
under 1/2 acre

Building

Building Type
Multi-Family
Storeys
2.00
Square Footage
3908 sqft
Exterior Finish
Siding
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Radiant/Infra-red Heat
Heating Fuel
Building Cooling Type
Air exchanger

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
Century 21 Choice Realty Inc.
MLS® number:
SM261039
Agent:
Carlo Gervasi
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