32 Wallace Terr, Sault Ste Marie, Ontario P6C 1K1

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!

Inclusions: 2 fridges, 2 stoves, contents in garage for third unit including fridge, stove, vanity, vinyl flooring, 2 electric baseboards, toilets, sinks