691-709 Pine Street
Sault Ste Marie, ON
4 sqft • Investment • 187 days on market
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 neighborhood retail Centre comprising approximately 42,455 sq. ft., 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 favorable 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 asset with resilient fundamentals.
Listing Details
- Taxes (2025)
- $173,226
- Listed
- February 17, 2026
Price History
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Pine St/ Mcnabb St
- Zoning
- Commercial
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
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
Commercial in Sault Ste Marie · last 12 months
- Median sold price
- $343,166
- Homes sold
- 12
- Median days on market
- 28
- Sale-to-list price
- 95.2%
Based on 12 recorded sales of commercial properties in Sault Ste Marie over the last 12 months.
Listed by
CBRE LIMITED
Location
Commercial figures
- Annual property tax
- $173,226
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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