$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
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
Estimated mortgage payment
$1,992 per month
- Principal and interest
- $1,992
- Property tax
- $420
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $95,453
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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