For Sale
32 Wallace Terrace
Ward 4, Sault Ste Marie, ON
$209,900
0Bd
0Ba
—sqft
42 x 126 ftlot
MultiplexMLS# X13888252Listed 2026-09-2342 DOM
On the market for 42 days — longer than average. The seller may be open to negotiation.
About this home
Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow!
GarageRenovated
Features
- Other
- Full
Financials
Annual Taxes
$2,552.11
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Rental yield11.4% – 17.2%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Sault Ste Marie
Days on market42 days
Buyer's MarketSeller's Market
Based on active listings in Sault Ste Marie. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
54
/ 100
Walk Score
Somewhat Walkable
45
/ 100
Transit Score
Some Transit
44
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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