January 25, 2025 – CFRealty

FOR SALE -This is a 5 building real estate investment portfolio in Sault Saint Marie Ontario.  In total there are 76 apartments suites and 7 retail spaces.  All buildings are located in and around the downtown core of the City.  The buildings are in a status of transformation and repositioning with over $700,000 spent recently. There are two former motels with 59 suites converted to apartments.  The remaing 3 buildings are arterial mixed use buildings with retail at grade and apartments above.  The NOI is around $415,000 and the Asking Price is at a 7% cap rate or $70,000 per unit.  Management is in place and can stay on.

Lorenzo Digianfelice

Broker of Record
(416) 417-9098
ldigianfelice@cfrealty.ca

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