324 Korah Rd Sault Ste. Marie, Ontario P6C 4H1
$649,900
Here’s the value-add investment opportunity you’ve been waiting for. This solid, purpose-built brick 4-plex is located in a desirable west end neighbourhood close to Market Mall, public transit, and all amenities. The building features four self-contained units, including three spacious 2-bedroom units and one spacious 3-bedroom unit. Each unit is separately metered with five hydro meters in the building, allowing tenants to pay their own power and keeping your operating costs down. Additional income potential comes from the on-site coin laundry, and each unit benefits from individual storage. Most of the units have already been updated with new flooring, doors, trim, and paint. The building offers secure front and rear entrances and ample parking for tenants. What truly sets this property apart is that three of the four units are currently vacant, giving you a rare chance to set your own rents at current market value from day one. Whether you’re a seasoned investor looking to expand your portfolio, or a new buyer seeking a strong income-generating asset with upside, this property offers the flexibility, location, and potential to deliver solid returns. Don’t miss out on this rare opportunity in a tight rental market. (id:47351)
Property Details
| MLS® Number | SM252089 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| Features | Corner Site |
Building
| Basement Type | Full |
| Constructed Date | 1979 |
| Exterior Finish | Brick |
| Foundation Type | Concrete Perimeter |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Size Interior | 2,400 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 80.0000 |
| Size Irregular | 80 X 119.7 |
| Size Total Text | 80 X 119.7|under 1/2 Acre |
https://www.realtor.ca/real-estate/28668888/324-korah-rd-sault-ste-marie-sault-ste-marie
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July 30 2025 03:31:46
Sault Ste. Marie Real Estate Board
Century 21 Choice Realty Inc.