| 613.829.1000
| 613.829.1000
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:37351)
| MLS® Number | X12107273 |
| Property Type | Multi-family |
| Community Name | West |
| ParkingSpaceTotal | 5 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 3,000 Ft2 |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 120 Ft |
| SizeFrontage | 110 Ft |
| SizeIrregular | 110 X 120 Ft |
| SizeTotalText | 110 X 120 Ft |
| ZoningDescription | B3s |
https://www.realtor.ca/real-estate/28222705/18-wellington-street-w-sault-ste-marie-west-west
Contact us for more information
Jonathan Regali
Salesperson
(613) 369-5199
(416) 391-0013
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Phone Number
(613) 829-1000
Email Address
info@grapevine.ca
Mailing Address
48 Cinnabar Way
Stittsville ON K2S1Y6
