Sault Ste Marie, ON · MLS® X13887878Updated
$449,900Est. $2,210/mo mortgage
181 Elgin St is a multiplex in Sault Ste Marie, listed for $449,900. It has 2000-2500 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Attention Investors! Welcome to 181 Elgin St. This affordable 6-plex is ideally located in the downtown core, close to numerous amenities and offering a solid investment opportunity. The building is in good operating condition and has seen many updates over the years. The property features 2 two bedroom units, 1 one-bedroom unit and 3 bachelor units, with separate electrical meters for each unit. The owner currently pays all utility expenses. The property also offers parking for approximately 8 vehicles. With an annual gross rental income of $65,769 and net income of approximately $44,000, this property is a great opportunity for investors looking to add a well-maintained multi-unit property to their portfolio. Make the call today and book your viewing!
works out to roughly $225 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
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Closed sales on the TRREB MLS®.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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MLS® X13887878 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other homes for sale in Sault Ste Marie around $450K.
Homes for sale in Sault Ste. Marie
Every active Sault Ste. Marie MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 8 sales from Jul 15 – Oct 13, 2026. Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
181 Elgin St is listed at $449,900 (MLS® X13887878). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Sault Ste Marie. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
No — 181 Elgin St is still listed at its original asking price of $449,900.
181 Elgin St has about 2,000–2,500 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a multiplex in Sault Ste Marie.
About $2,210 a month — principal and interest on $449,900 with 20% down ($89,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $449,900 is about 30% above the median sold price in Sault Ste Marie over the last 90 days, $345,667, across 8 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 181 Elgin St on record from the last two years. Older records aren't shown under TRREB rules.
181 Elgin St is in Sault Ste Marie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
34 days — 181 Elgin St was listed on September 8, 2026.
About $180 to $225 per square foot: the asking price of $449,900 over the 2,000–2,500 sq ft the listing gives as its size range.
The listing describes the basement as: Full.
The lot is 50 acres, as published in the listing.
