859 Trunk Road, Sault Ste Marie MLS Number: X12342684
Sault Ste Marie, Algoma, ON, P6A 3T3$1,155,000
Status: For Sale
- Property Type: Commercial (Investment)
- Property Taxes : $18285.0 (Tax Year:2025)
- Listing Courtesy : Commercial Focus Realty Inc.
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$1,155,000
Status: For Sale
Great 1st time apartment investor building. 2 storey frame asset former motel converted into rental apartments. Fully occupied with 10 suites renovated and affordable rental. 17 suites with about $200,000 spent. 7% cap rate on asking price and $67,000 per suite which is way below replacement costs. Baseboard electric heating. Large site with ample parking. Potential to sub meter hydro moving forward. Owner pays cable and internet and this could be reduced on turnover.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X12342684 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :20 Nov, 2025 (15 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Algoma |
|---|---|
| Postal Code | :
P6A 3T3
|
| Price | : $1,155,000 |
|---|---|
| Property Taxes | :$18285.0 |
| Tax Year | :2025 |
|---|
| Air Conditioning | :No |
|---|---|
| Heating | :Baseboard |
| Cross Street | :Trunk and Boundry Road |
22 May, 2025
TREB #X12165368
Listed
$1155000.0