181 Elgin ST

Sault Ste. Marie · MLS® SM262439

2,230 sq ft · House · Multi-family · built 1901 · 46 days on market

listed by John Glavota, Royal LePage® Northern Advantage

realtor's description

Attention Investors! Welcome to 181 Elgin St. This affordable 6-plex is ideally located in the downtown core, close to numerous amenities and offering a solid investment opportunity. The building is in good operating condition and has seen many updates over the years. The property features 2 two bedroom units, 1 one-bedroom unit and 3 bachelor units, with separate electrical meters for each unit. The owner currently pays all utility expenses. The property also offers parking for approximately 8 vehicles. With an annual gross rental income of $65,769 and net income of approximately $44,000, this property is a great opportunity for investors looking to add a well-maintained multi-unit property to their portfolio. Make the call today and book your viewing!

property details

type: House, Multi-family
living area: 2,230 sq ft
parking: 0
year built: 1901
property tax: $5,037 / yr
days on market: 46
MLS®: SM262439

features

Bus Route

monthly cost

$2,380/mo

Mortgage $1,960 · Tax $420

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $228,131
cash to close: $89,980; down payment; transfer tax and fees not included
total paid: $588,051

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.