183 Albert St E Sault Ste. Marie, Ontario P6A 2J2
$785,000
A rare investment opportunity in the heart of downtown Sault Ste. Marie. This income-generating 4-unit property offers a diverse mix of long-term, mid-term, and short-term rental strategies—perfect for experienced investors or business owners looking to scale a real estate portfolio with strong returns. Located just steps from the Station Mall, transit terminal, and all downtown amenities, this property features 4 dedicated parking spaces, efficient boiler heating, and an unfinished basement with untapped potential for added value. Property Overview: Unit 1 - 2 Bed / 1 Bath: Well-maintained and currently rented to a long-term tenant. Spacious layout with a large bathroom and dependable monthly income. Unit 2 – 1 Bed / 1 Bath: Recently renovated and utilized as a mid-term rental. Ideal for traveling professionals and tenants seeking flexibility. Unit 3 – 2 Bed / 1 Bath: Renovated and updated, offering stable income and modern living space. Unit 4 – 1 Bed / 1 Bath: A fully renovated legal Airbnb that delivers consistent short-term rental revenue. Modern finishes and excellent guest reviews. With strong cash flow and a low operating budget, this property is a plug-and-play asset for investors who understand the power of hybrid rental models. Whether you're focused on scaling short-term rentals, diversifying income streams, or maximizing ROI, this 4-plex delivers. Strategic location. Reliable income. Built-in upside. Book your viewing today! (id:60626)
Property Details
| MLS® Number | SM251316 |
| Property Type | Multi-family |
| Community Name | Sault Ste. Marie |
| Communication Type | High Speed Internet |
| Community Features | Bus Route |
| Features | Corner Site |
Building
| Age | 111 Years |
| Basement Type | Full |
| Exterior Finish | Brick, Siding |
| Foundation Type | Concrete Perimeter |
| Heating Type | Boiler |
| Stories Total | 2 |
| Size Interior | 2,822 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 38.5500 |
| Size Irregular | 38.55 X 95.00 |
| Size Total Text | 38.55 X 95.00|1/2 - 1 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 29 2025 04:04:01
Sault Ste. Marie Real Estate Board
Royal LePage® Northern Advantage
