Gurvinder Nokwal REALTOR®
For Sale Multiplex 40 days on market

$449,900

Est. payment $1,992/moCalculate yours

181 Elgin Street, Sault Ste Marie, ON P6A 2Y9

Ward 2, Sault Ste Marie, ON P6A 2Y9

  • 2,230 Sq Ft
Map

Listing courtesy of Royal LePage® Northern Advantage MLS® X13887878

About this home

Attention Investors! Welcome to 181 Elgin St. This affordable 6-plex is ideally located in the downtown core, close to numerous amenities and offering a solid investment opportunity. The building is in good operating condition and has seen many updates over the years. The property features 2 two bedroom units, 1 one-bedroom unit and 3 bachelor units, with separate electrical meters for each unit. The owner currently pays all utility expenses. The property also offers parking for approximately 8 vehicles. With an annual gross rental income of $65,769 and net income of approximately $44,000, this property is a great opportunity for investors looking to add a well-maintained multi-unit property to their portfolio. Make the call today and book your viewing!

Property details

Overview

Property Type
Multiplex
For
For Sale
Status
New
Size
2,230 sqft

Interior

Basement
Full

Building & Systems

Heating
Forced Air (Gas)
Cooling
Other
Exterior
Vinyl Siding, Unknown
Foundation
Stone
Roof
Asphalt Rolled
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
44 x 110.32 Feet
Parking
None garage
Zoning
CT2

Financial

Property Taxes
$5,037 (2026)

Location

Neighbourhood
Ward 2
Direction Faces
West

Listing

MLS® Number
X13887878
Days on Market
40
Listed On
2026-09-08
Listed By
Royal LePage® Northern Advantage

Features

Interior

  • Other

Pool

  • None
Included
6 fridges, 6 stoves
Excluded
Rental Hot water tank, tenants belongings
Rental items
516

Mortgage calculator

Minimum for this price: $22,495 (5%)

Amortization, years

Estimated mortgage payment

$1,992 per month

Principal and interest
$1,992
Property tax
$420
Estimated monthly cost
$2,412

Your mortgage

Mortgage amount
$359,920
Mortgage insurance
Not needed
Interest over 25 years
$237,698

Cash to close

Down payment
$89,980
Land transfer tax
$5,473
Total, before legal fees
$95,453
Talk to me about financing

Estimates 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

181 Elgin Street, Sault Ste Marie, ON P6A 2Y9 Ward 2, Sault Ste Marie, ON P6A 2Y9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$449,900 181 Elgin Street, Sault Ste Marie, ON P6A 2Y9
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