691-709 Pine ST
Sault Ste. Marie, Ontario
Retail
PRIME OPPORTUNITY TO ACQUIRE A FULLY STABILIZED, 100% OCCUPIED, GROCERY-ANCHORED PLAZA IN THE HEART OF SAULT STE. MARIE. PINE PLAZA IS A WELL-ESTABLISHED NEIGHBOURHOOD RETAIL CENTRE COMPRISING APPROXIMATELY 42,455 SF, ANCHORED BY A TOP-PERFORMING NATIONAL GROCERY TENANT WITH LONG-TERM LEASE OPTIONS, PROVIDING EXCEPTIONAL INCOME STABILITY AND CONSISTENT FOOT TRAFFIC. THE PLAZA FEATURES A DIVERSE TENANT MIX OF RETAIL, SERVICE, AND FOOD USERS, CREATING A STRONG DAILY-NEEDS DESTINATION FOR THE SURROUNDING COMMUNITY. A FAVOURABLE LEASE EXPIRY PROFILE WITH A WEIGHTED AVERAGE LEASE TERM (WALT) OF APPROXIMATELY 3.65 YEARS. THE 2023 RENOVATION WAS MORE THAN FACADE; UNITS 2, 3, 4, 5 NEW VANILLA SHELLS; UNITS 2-8 ALL NEW ROOFTOP HVACS. STRATEGICALLY LOCATED ON PINE STREET, A MAJOR ARTERIAL CORRIDOR, THE ASSET BENEFITS FROM EXCELLENT VISIBILITY, ACCESSIBILITY, AND STRONG SURROUNDING RESIDENTIAL DENSITY. FREEHOLD OWNERSHIP, ESTABLISHED TENANCY, AND BUILT-IN UPSIDE THROUGH RENTAL GROWTH AND FUTURE RE-TENANTING OPPORTUNITIES MAKE THIS AN IDEAL INVESTMENT FOR BOTH PRIVATE AND INSTITUTIONAL BUYERS SEEKING A CORE-PLUS RETAIL ASSEST WITH RESILIENT FUNDAMENTALS.
Price History
Property
- Lot Size
- 4.13 acres
Schools
Elementary
- Francis H Clergue Public School0.2 km
Public · Algoma DSB · 545 students
Grade 6 math: 47% met the provincial standard
- Boreal French Immersion Public School0.5 km
Public · Algoma DSB · 430 students
Grade 6 math: 71% met the provincial standard
- River View Public School0.7 km
Public · Algoma DSB · 180 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 37% met the provincial standard
Secondary
- Algoma Education Connection Secondary School1.6 km
Public · Algoma DSB · 155 students
- École secondaire Notre-Dame-du-Sault1.8 km
French Catholic · CSDC du Nouvel-Ontario
- Superior Heights Collegiate and Vocational School2 km
Public · Algoma DSB · 940 students
Grade 10 literacy: 77% met the provincial standard
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
Retail 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 retail properties in Sault Ste. Marie over the last 12 months.
Location
Mortgage Calculator
$1,910,000
Estimated Monthly Payment
$46,916
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $46,916/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $2,388/mo
Estimates only. Consult a financial advisor.
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