$ 209,900
32 Wallace Ter
32 Wallace Ter, Sault Ste Marie, ON P6C1K1 Photo 1
30 Photos
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32 Wallace Ter, Sault Ste Marie

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.47% 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! (id:1945)
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Property details for 32 Wallace Ter, Sault Ste Marie

Type
Multi-family
Living Area
1,100 square feet
Stories
2
Basement
Full
Parking
Concrete
Heating
Forced air
Exterior
Aluminum siding
Annual Taxes
$2,552

Nearby Listings Stat

Estimated price and comparable properties near 32 Wallace Ter

Active Listings
157
Min Price
$18
Max Price
$6,499,900
Avg Price
$384,856
Days on Market
52
days
Sold Listings
49
Min Sold Price
$29,900
Max Sold Price
$625,000
Avg Sold Price
$234,424
Days until Sold
59
days

Neighbourhood Census Data

Sault Ste. Marie, Ontario

Population
385
Median Age
41.4
Median Income
$29,376
Dwelling Value
$149,727

Housing Tenure

Owners 78%
Renters 19%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.1
Pop. Density: 1,902.2/km²
Avg Shelter Cost: $908/mo
Owners with Mortgage: 78.6%
Owners Spending 30%+: 32.1%
Tenants Spending 30%+: 50%
English only: 92.2%
English and French: 6.5%
Neither: 2.6%
Median Household Income: $52,096
Median Employment Income: $28,608

Price History

Listed
September 23, 2026
by Exit Realty True North
Current Price
$209,900
Type
Multi-family
For Sale
32 Wallace Ter

Contact Agent Get in touch about 32 Wallace Ter, Sault Ste Marie

Tyler Burzese
Tyler Burzese
Exit Realty True North

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