Gurvinder Nokwal REALTOR®
For Sale Multiplex 144 days on market

$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
Map

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

Minimum for this price: $17,495 (5%)

Amortization, years

Estimated mortgage payment

$1,549 per month

Principal and interest
$1,549
Property tax
$499
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
Total, before legal fees
$73,704
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

188 Church Street, Sault Ste Marie, ON P6A 3H5 Ward 2, Sault Ste Marie, ON P6A 3H5
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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).

$349,900 188 Church Street, Sault Ste Marie, ON P6A 3H5
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