70 East Street, Sault Ste Marie | Image 1

70 East Street

Sault Ste Marie

  • Commercial

$17,495,000
For Sale

Added 5 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: B3S

  • Age: 31-50 years

  • Taxes: 154000

  • MLS®#: X7014270

  • Added: Sep 19, 2023 (5 days ago)

  • Updated:

  • Last Checked: 37 minutes ago

  • Listed By: HOMELIFE/FUTURE REALTY INC.

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.

Extras

128 Fridges, 128 Stoves, 5 Washers, 5 Dryers

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Area: Sault Ste Marie

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Baseboard

  • Elevator: Public

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: Pcl 9557 Sec Aws; Pt Lt 29 Con 1 Sault Ste. Marie

  • Taxes: $154,000

  • Taxes Type: Annual

Land

  • Cross Street: Bay St/East St

  • Municipality District: Sault Ste Marie

  • Sewer: Sanitary

  • Lot Frontage: 263.35 Feet

  • Zoning: B3S

Commercial Specific

  • Sprinklers: Y

  • Total Area: 40450.74

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Lot Code: Lot

Map of 70 East Street, Sault Ste Marie
JK-8

St. Basil Catholic School

Elementary: Catholic
1.75 km
JK-8

Northern Heights Public School

Elementary: Public
2.64 km
JK-8

Queen Elizabeth Public School

Elementary: Public
1.87 km
JK-8

École Notre-Dame-du-Sault

Elementary: Catholic
2.91 km
1-8

Boreal French Immersion Public School

Elementary: Public
2.38 km
JK-8

Francis H Clergue Public School

Elementary: Public
1.94 km
9-12

École secondaire Notre-Dame-du-Sault

Secondary: Catholic
1.81 km
9-12

Holy Angels Learning Centre

Secondary: Catholic
1.48 km
9-12

Algoma Education Connection Secondary School

Secondary: Public
3.48 km
Pre-Grade 9-12

Korah Collegiate and Vocational School

Secondary: Public
5.68 km
Pre-Grade 9-12

Superior Heights Collegiate and Vocational School

Secondary: Public
3.09 km
9-12

St Mary's College

Secondary: Catholic
1.35 km