347 Lake ST
Sault Ste. Marie, Ontario
Other
Exceptional opportunity to own a fully leased commercial property in a high-traffic location on Lake Street—one of Sault Ste. Marie’s key commercial corridors. Surrounded by national retailers, service businesses, and professional offices, this site offers excellent visibility and long-term value. Leased to a reputable tenant on a triple net lease through Q1 2027, with two five-year renewal options (rates to be negotiated). The main building offers 4,000+ sq. ft. with 6 offices on the main level, additional offices and a boardroom upstairs. A second structure features a loading bay with overhead door and storage space. The 1+ acre lot includes ample parking and a fenced yard for vehicles or equipment.
Price History
Property
- Lot Size
- 1.12 acres
Schools
Elementary
- River View Public School0.5 km
Public · Algoma DSB · 180 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 37% met the provincial standard
- École publique Écho-des-Rapides0.9 km
French public · CS public du Grand Nord de l'Ontario · 110 students
Grade 3 reading: 46% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Anna McCrea Public School1 km
Public · Algoma DSB · 295 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 48% met the provincial standard
Secondary
- Superior Heights Collegiate and Vocational School0.8 km
Public · Algoma DSB · 940 students
Grade 10 literacy: 77% met the provincial standard
- Algoma Education Connection Secondary School2.6 km
Public · Algoma DSB · 155 students
- École secondaire Notre-Dame-du-Sault2.9 km
French Catholic · CSDC du Nouvel-Ontario
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P6B
- Population
- 22,754
- Private dwellings
- 11,032
- Median age
- 48
- Average household size
- 2.1
- Median household income
- $69,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Sault Ste. Marie · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of other properties in Sault Ste. Marie over the last 12 months.
Location
Mortgage Calculator
$129,980
Estimated Monthly Payment
$3,193
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,193/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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