18 Wellington Street, Sault Ste Marie, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Sault Ste Marie. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $635,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 106.86 x 120 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient forced air heating via gas
Description
Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, perfectly positioned at the base of North Street and just steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. This income-generating property features 3 spacious two-bedroom units and 2 one-bedroom units, with immediate potential for rental upside. Additional income is boosted by a coin-operated washer and dryer. A large paved parking lot offers plenty of tenant parking. Recent updates include a brand new high-efficiency gas furnace, fresh paint, updated trim, and more in several units. The basement offers a wide open layout with abundant space, ideal for additional paid tenant storage or future development opportunities.
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Property Summary
This multiplex located at 18 Wellington Street, Sault Ste Marie is currently for sale and has been available on SousaSells for 354 days. This property is listed at $635,000 with an estimated mortgage of $2,114* per month. It has 7 beds, 5 bathrooms, and is 3500-5000 square feet. 18 Wellington Street, Sault Ste Marie
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 18 Wellington Street W, Sault Ste Marie, ON P6A 1H1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Sault Ste Marie, ON
For a property listed at $635,000 in Sault Ste Marie, the legal minimum down payment is $38,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,175 for this transaction. As this listing is in Sault Ste Marie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,175.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.