Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, ideally located at the base of North Streetjust steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. The building features 2 spacious two-bedroom units and 3 one-bedroom units, with two units currently vacantoffering immediate upside through market rent potential. At current market rents, the property is capable of generating nearly a 10% cap rate. Additional income is generated through a coin-operated washer and dryer. A large, paved parking lot provides ample tenant parking. Recent updates include a new high-efficiency gas furnace and cosmetic upgrades in several units, including fresh paint and updated trim. The basement features a wide open layout with plenty of space, ideal for additional paid tenant storage or future development opportunities. (id:61872)
| MLS® Number | X12107273 |
| Property Type | Multi-family |
| Community Name | West |
| Parking Space Total | 5 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 3000 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 120 Ft |
| Size Frontage | 110 Ft |
| Size Irregular | 110 X 120 Ft |
| Size Total Text | 110 X 120 Ft |
| Zoning Description | B3s |
https://www.realtor.ca/real-estate/28222705/18-wellington-street-w-sault-ste-marie-west-west
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