536-542 Queen ST
Sault Ste. Marie, Ontario
Multi-family
Exceptional mixed-use investment opportunity in a prime downtown location, fully rented and generating over a 10% ROI. This rare offering includes two buildings being sold together, featuring approximately 5,000 sq ft of commercial space across two units with full clean and dry basements, plus over 4,500 sq ft of residential space comprised of four executive-style, fully furnished apartments currently operating as a very successful investment. Extensively restored and renovated with no expense spared, the property showcases high-end finishes throughout and true pride of ownership, including a standout 2,200 sq ft open-concept main apartment. Ample well-lit on-site parking and excellent exposure add to the appeal, with the city’s multi-million dollar Downtown Plaza redevelopment directly across the street, enhancing long-term value and demand. A rare opportunity to acquire a turnkey, income-producing asset in a sought-after location, with full details and financial package available through the listing brokerage.
Price History
Schools
Secondary
- St Mary's College Separate School0.6 km
Catholic · Huron-Superior CDSB · 940 students
Grade 10 literacy: 82% met the provincial standard
- École secondaire Notre-Dame-du-Sault1.2 km
French Catholic · CSDC du Nouvel-Ontario
- Algoma Education Connection Secondary School3.3 km
Public · Algoma DSB · 155 students
Elementary
- St. Basil Catholic School1.2 km
Catholic · Huron-Superior CDSB · 725 students
Grade 3 reading: 49% met the provincial standard · Grade 6 math: 14% met the provincial standard
- École élémentaire Notre-Dame-du-Sault1.7 km
French Catholic · CSDC du Nouvel-Ontario · 215 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 55% met the provincial standard
- Northern Heights Public School1.8 km
Public · Algoma DSB · 240 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 33% 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 P6A
- Population
- 33,800
- Private dwellings
- 16,498
- Median age
- 47.2
- Average household size
- 2.2
- Median household income
- $78,000
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
Multi-family 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 multi-family properties in Sault Ste. Marie over the last 12 months.
Location
Mortgage Calculator
$249,980
Estimated Monthly Payment
$6,140
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,140/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $312/mo
Estimates only. Consult a financial advisor.
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