32 Wallace TER - Main photo, Sault Ste. Marie, Ontario

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$209,900

32 Wallace TER — Sault Ste. Marie, Ontario

P6C1K1

Exit Realty True North

1,100Sq Ft

1930Built

About This Property

Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.47% 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! (id:63357)

Exit Realty True North

Property Location

Map

Property Details

Property Type: Multi-Unit
Living Area: 1,100 sqft
Year Built: 1930
Stories: 2.0
Status: Active

Location & Neighborhood

What's nearby 32 Wallace TER

Nearby Schools

Notre-Dame-du-Sault
School
1.3 km
Kiwedin
School
1.7 km
Northern Heights
School
1.8 km
Our Lady of Lourdes
School
2.0 km
St. Basil
School
2.0 km

POI data updated 9/24/2026

Sault Ste. Marie Market Snapshot

377

Active Listings

$347K

MLS® HPI Benchmark

Source: Sault Ste. Marie Real Estate Board, August 2026.

Last updated: Sep 23, 2026

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