509 Douglas Street
Ward 5, Sault Ste Marie, P6C 1T3
FOR SALE
$444,900
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Property Description
Welcome to 509 Douglas Street! This solid Triplex sitting on a double lot is a turn key; an extremely smart investment. Live in one unit and have the other 2 pay the mortgage (build a big garage) OR continue to rent all 3 units and fill the 2 vacant ones with todays market rent. Mainfloor 3 Bedroom is spacious and has amazing tenants! This unit has a generous eat in kitchen, access to basement laundry, large living room, full bathroom with updated tile tub surround & a huge front porch! Secure interior access for the 2 upper 1 Bedroom units both bright and airy and very functional. Natural Gas Boiler (2013) with separate zoning (set your own heat in each), 3 hot water tanks, separate meters, laundry in basement with exterior access, large double lot with storage shed for the lawnmower and blower. Outside features architectural shingles (2015), vinyl siding, dual pane vinyl windows, a rear deck, in an excellent West end location! Call today for your private showing.
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Property Features
Other, Other
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Property Details
Address
509 Douglas Street
Community
City
Postal Code
P6C 1T3
Property Type
Multiplex, Multiplex
Days On Market
4
Zoning
R3
Lot Size
80' x 120'
Taxes
$3,002 (2026
Basement
Full
Heat Type
Other
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Exit Realty True North
This timeless building in the city's downtown is a very unique property with 3 units comprised of 2 single family semi detached & a 1 bedroom 3rd floor in-law suite. The first unit is at 137 Tancred is 4 bedroom (2 stories) with basement access with 1420 sq feet and the Larger side is 141 Tancred is 1846 sq feet. This unit is a large 3-story home with 7 bedrooms! Good existing paying tenants. Building runs about 8% Cap. Great investment or owner occupied. A small garage on site with a parking spot and 3-4 parking spots in the rear off the laneway. Its not your regular income property. It has original trim and hardwood floors, beautiful staircase, a gem that you would be proud to own. Brick building, roof shingles 2016, 2 hot water boilers, laundry on site. Contact LBO for more information.
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178 McDougald is a great income-producing 4-Plex with convenient access and setup for all tenants. Unit 1, located at the front of the house, is a 1-bedroom w/ access to the basement. Unit 2 (second level) features three rooms that are currently rented. Unit 3 (third level) offers spacious living with 2 bedrooms. Unit 4, located at the rear of the property has been recently updated, featuring a large bedroom on the second floor as well as a fenced yard. All units have a kitchen area and a 4 pc bathroom. Additional features include parking at the side and rear, a storage unit at the back, separate meters (4), hot water tanks (4), and an economical boiler system to heat the home. With great income potential, a functional layout, and a convenient location, this is an excellent opportunity for investors. Call today!
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