188 Church ST
Sault Ste. Marie, Ontario
Multi-family
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.
Price History
Schools
Elementary
- Queen Elizabeth Public School1.2 km
Public · Algoma DSB · 270 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Francis H Clergue Public School1.3 km
Public · Algoma DSB · 545 students
Grade 6 math: 47% met the provincial standard
- St. Basil Catholic School1.7 km
Catholic · Huron-Superior CDSB · 725 students
Grade 3 reading: 49% met the provincial standard · Grade 6 math: 14% met the provincial standard
Secondary
- St Mary's College Separate School1.6 km
Catholic · Huron-Superior CDSB · 940 students
Grade 10 literacy: 82% met the provincial standard
- École secondaire Notre-Dame-du-Sault1.8 km
French Catholic · CSDC du Nouvel-Ontario
- Superior Heights Collegiate and Vocational School2.4 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 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
$73,980
Estimated Monthly Payment
$1,817
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,817/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $92/mo
Estimates only. Consult a financial advisor.
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