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$599,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
US — Urban Services
$ / SF
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Occupancy
82%
EXCELLENT COMMERCIAL / RESIDENTIAL INVESTMENT OPPORTUNITY! Fantastic location offering outstanding visibility and exposure! This extensively renovated commercial/residential building showcases quality finishes throughout and is truly move-in ready. The main floor is currently configured as a professional chiropractic office, featuring a spacious reception area, four examination rooms, a private office, washroom, and two separate entrances. An ideal setup for another chiropractic practice, law firm, professional office, or a variety of other business opportunities. The finished lower level offers even more potential, with its own separate entrance, two rooms, waiting area, and washroom. Perfect for an esthetician, massage therapist, or another complementary professional service. Adding even more value is a modern, self-contained two-bedroom apartment on the upper level, complete with its own private entrance and parking. The current tenant pays $1,400 per month, providing a great source of additional income to help offset ownership costs. Additional features include efficient gas hot water heating, central air conditioning, and paved parking. Extensively upgraded, exceptionally well maintained, and offering multiple income opportunities, this is a fantastic property for an owner-operator or investor looking for a versatile commercial/residential building in a high-visibility location. Nothing to do but move in and make it work for you! Opportunities like this don't come along every day. Call today for more information or to book your private viewing! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$36K
Annual cash flow
$3K
Cash-on-cash
1.71%
DSCR
1.09
Going-in cap
6.05%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
57,632
Households
25,740
Median income
$102,500
Median age
45.2
Daytime population
54,080
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 392 Second LIN W, Sault Ste. Marie.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.