427-429 Wellington ST E

Sault Ste. Marie · MLS® SM262436

2,400 sq ft · House · Multi-family · built 1905 · 46 days on market

listed by John Glavota, Royal LePage® Northern Advantage

realtor's description

Prime investment opportunity at 427–429 Wellington St. East! This centrally located 6-plex is situated in a convenient downtown location, close to numerous amenities and offering an excellent addition to any investment portfolio. The property features three one-bedroom units and three two-bedroom units. Heating is provided by a combination of gas forced-air furnaces and electric baseboards. The two main level units each have their own separate gas furnaces while floors 2 and 3 are electric baseboard. With a desirable unit mix, central location, and established rental setup, this is an excellent opportunity for investors. Don’t miss out—book your viewing today!

property details

type: House, Multi-family
living area: 2,400 sq ft
parking: 0
year built: 1905
property tax: $5,408 / yr
days on market: 46
MLS®: SM262436

features

Bus Route

monthly cost

$2,738/mo

Mortgage $2,287 · Tax $451

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

estimated payment

$2,287/ monthly

loan $419,920

25-year amortization

down payment20% · $104,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $266,162
cash to close: $104,980; down payment; transfer tax and fees not included
total paid: $686,082

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