$349,900
↓ $20,000 from $369,900
Est. payment $1,549/moCalculate yours
188 Church Street, Sault Ste Marie, ON P6A 3H5
Ward 2, Sault Ste Marie, ON P6A 3H5
- 2,750 Sq Ft
Listing courtesy of Century 21 Choice Realty Inc. MLS® X13887018
About this home
188 Church St - Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance.
Property details
Overview
- Property Type
- Multiplex
- For
- For Sale
- Status
- Price Change
- Size
- 2,750 sqft
Interior
- Basement
- Full
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- Other
- Exterior
- Brick, Stone
- Foundation
- Stone
- Roof
- Shingles, Asphalt Rolled
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 70 x 125 Feet
- Parking
- None garage
- Zoning
- Residential Property with Five Self-Contained Unit
Financial
- Property Taxes
- $5,994 (2024)
Location
- Neighbourhood
- Ward 2
- Direction Faces
- East
Listing
- MLS® Number
- X13887018
- Days on Market
- 144
- Listed On
- 2026-05-27
- Listed By
- Century 21 Choice Realty Inc.
Features
Interior
- Other
Property
- Fenced Yard
Pool
- None
- Included
- Fridges x5, Stoves X5
- Excluded
- All tenant belongings, 2 Hot water tanks (rentals)
- Rental items
- Hot water tanks X2 $576 annually
Mortgage calculator
Estimated mortgage payment
$1,549 per month
- Principal and interest
- $1,549
- Property tax
- $499
- Condo fees
- $0
- Estimated monthly cost
- $2,049
Your mortgage
- Mortgage amount
- $279,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $184,864
Cash to close
- Down payment
- $69,980
- Land transfer tax
- $3,724
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $73,704
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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