253 Lake St
Sault Ste. Marie, Ontario P6A4B3

3 beds · 2 baths · 950 sqft

Attention Investors! This perfectly located, highly efficient east-end brick bungalow is ready for you to immediately cash flow with existing tenants and ideal location to Algoma University. Main level offers 3 bedrooms, bright open concept kitchen/living room with east-facing picture window, 3 piece bathroom and access to the rear private deck. The fully finished lower level has a spacious updated rec room, den + 4 piece bathroom. Features include gas forced air heat (2014), central a/c, newer windows throughout, solid metal roof and 200amp service. Home is complete with a convenient car port, single car garage, double driveway and fenced in yard. Just a short walk to the Churchill Plaza, Bellevue Park, Algoma University and most importantly it's a safe, highly desired neighborhood for investors and home owners alike. Property is currently rented out for $3000.00/month all inclusive to Algoma University students. Call me for additional information and a solid opportunity to own a strong cash flow property. (id:39198)

Facts & Features

Building Type Detached

Year built

Square Footage 950 sqft

Stories 1

Bedrooms 3

Bathrooms 2

Parking

NeighbourhoodSault Ste. Marie

Land size 50x160|under 1/2 acre

Heating type Forced air

Basement typeFull (Finished)

Parking Type Garage

Time on REALTOR.ca52 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: Exit Realty True North

Powered by: REALTOR.ca

Home price

$359,900

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$3,274 / month

Rent $2,895

Savings $379

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$2,885 / month

Rent $2,806

Savings $79

Initial deposit 5%

Savings target Fixed at 5%

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