70 East St, Sault Ste Marie, Ontario P6A 6M1

  • $16,495,000
70 East St, Sault Ste Marie, Ontario P6A 6M1
Active
70 East St, Sault Ste Marie, Ontario P6A 6M1
  • $16,495,000

Overview

Property ID: X7260964
  • Commercial Sale, Business
  • Property Type
  • 40450.74
  • Sqft

Description

Fantastic Investment Opportunity To Acquire This Well Maintained 128 Suite High Rise Apartment Building. This Purpose-Built 128 Suite Property Contains Primarily One Bedroom Units Plus A Single Two Bedroom Apartments. Situated Close To The St. Mary’s River In Sault Ste Marie And Close To The U.S./Canada Border. The Current Ontario Housing Program Is In Place For 97 Of The 128 Units And Many Capital Improvements Have Been Made To This Turn Key Building Conveniently Located Close To All Amenities, Schools, Parks, Shopping, Recreational Center & Public Transit. Many Units Rented To Long Term AAA Tenants, ***Assumable 1st Mortgage Approximately 9.8Mil @2.97% Interest, Maturing June,2027 & 2nd Mortgage Available By Seller @ 3% Interest Rate With 25% Down Payment.

  • Address 70 East St
  • City Sault Ste Marie
  • State/county Ontario
  • Zip/Postal Code P6A 6M1

Details

Updated on October 31, 2023 at 12:07 pm
  • Property ID: X7260964
  • Price: $16,495,000
  • Property Size: 40450.74 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: X7260964

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