188 Church St – Turnkey 5-Plex | 13.1% Cap Rate Excellent opportunity to add a cash-flowing 5-unit investment property to your portfolio. Featuring a strong unit mix of three 1-bedroom units and two 2-bedroom units, this property offers steady rental demand and stable tenancy appeal. Efficient natural gas boiler heat helps maintain predictable operating costs, while the newer detached double garage provides additional income potential through storage or parking rentals. Generating $62,580 gross annual income with a 13.1% cap rate, this is an attractive opportunity for investors seeking strong returns and long-term performance. (id:2493)
Data was last updated May 27, 2026 at 10:15 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$189,000
Min list price:
$2,000
Max list price:
$1,900,000
Avg days on market:
47
Min days on market:
2
Max days on market:
343
Avg price per sq.ft.:
$75.57
These statistics are generated based on the current listing's property type
and located in
Sault Ste. Marie. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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