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346 Bruce St Sault Ste. Marie, Ontario P6B 1P7

3000 sqft
Baseboard Heaters, Forced Air

$299,000

**Prime Investment Opportunity: Income-Generating Multifamily Property** Located at 346 Bruce Street , Sault Ste. Marie this multifamily building features three distinct units, each offering strong rental income and significant potential for future growth. The upstairs three-bedroom unit rents for $1,550/month plus utilities, providing a spacious and comfortable living space. The lower two-bedroom unit, rented at $1,350/month plus utilities, is cozy and well-maintained and recently renovated. Additionally, there is an unfinished bachelor unit with great potential to increase cash flow. This property is cash flow positive, with reliable tenants and ready for the next investor. It's conveniently located near schools, shopping centers, and public transportation, making it an attractive option for renters. With low maintenance needs and room for value-adding renovations, this multifamily property presents a solid investment opportunity with immediate returns and future development possibilities. Call today to schedule a viewing and explore its potential! (id:49269)

Property Details

MLS® Number SM241773
Property Type Multi-family
Community Name Sault Ste. Marie
CommunicationType High Speed Internet
CommunityFeatures Bus Route

Building

Age Over 26 Years
Appliances Window Air Conditioner
BasementType Full
ExteriorFinish Brick, Siding, Vinyl
FoundationType Stone
HeatingType Baseboard Heaters, Forced Air
RoofStyle Flat
StoriesTotal 2
SizeInterior 3000 Sqft
Type Multi-family
UtilityWater Municipal Water

Parking

Concrete
Gravel

Land

AccessType Road Access
Acreage No
Sewer Municipal Sewage System
SizeFrontage 98.9000
SizeIrregular 98.8x35
SizeTotalText 98.8x35|under 1/2 Acre

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/27163249/346-bruce-st-sault-ste-marie-sault-ste-marie

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