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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
3 Bed, 1 Bath Detached Home in Sault Ste Marie
About 196 Elmwood Avenue
An affordable opportunity to put your own stamp on! Located on the dead-end section of Elmwood in central Sault Ste. Marie, 196 Elmwood offers approximately 1,100 sq. ft. of living space with three bedrooms, one bathroom and gas forced-air heating. Two storage sheds provide extra room for tools and outdoor equipment. This home offers a great opportunity to update and make it your own, with an asking price of $144,900 that leaves room to explore the possibilities. Whether you’re looking for an affordable start or your next investment, this one is worth a look!
3 bedrooms, 1 bathroom. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 196 Elmwood Ave
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Basement
None
Features & systems
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
196 Elmwood Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14099484$144,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 196 Elmwood Ave Compares to the Sault Ste Marie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$712
/mo
based on the purchase price of $144,900
$28,980 cash
$115,920 financed
$97,635 total interest
Principal54%$115,920
Interest46%$97,635
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
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.
For homeowners nearby
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Zara · AI virtual agent
Ask about 196 Elmwood Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Similar homes for sale nearby in Sault Ste Marie
Other 2–4 bed homes for sale in Sault Ste Marie around $145K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings367Homes for sale here right now.
Median vs prior 90 days+8.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 422 sales from Jul 24 – Oct 22, 2026 (251 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 196 Elmwood Ave
How much is 196 Elmwood Ave listed for?
196 Elmwood Ave is listed at $144,900 (MLS® X14099484). Summitly updates the price as soon as the MLS® record changes.
Has the price of 196 Elmwood Ave changed?
No — 196 Elmwood Ave is still listed at its original asking price of $144,900.
How many bedrooms and bathrooms does 196 Elmwood Ave have?
196 Elmwood Ave has 3 bedrooms and 1 bathroom. It is a detached home in Sault Ste Marie.
How much would the monthly mortgage be on 196 Elmwood Ave?
About $712 a month — principal and interest on $144,900 with 20% down ($28,980), 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.
How does 196 Elmwood Ave compare with other homes in Sault Ste Marie?
Its asking price of $144,900 is about 56% below the median sold price in Sault Ste Marie over the last 90 days, $329,950, across 422 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.
Has 196 Elmwood Ave been sold before?
Summitly has no earlier MLS® sale or lease of 196 Elmwood Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 196 Elmwood Ave?
196 Elmwood Ave is in Sault Ste Marie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 196 Elmwood Ave been on the market?
196 Elmwood Ave was listed today (October 20, 2026).
Does 196 Elmwood Ave have a basement, and is it finished?
The listing says 196 Elmwood Ave has no basement.
What is the lot size of 196 Elmwood Ave?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 196 Elmwood Ave?
About $1,174 in Ontario land transfer tax at the asking price of $144,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 196 Elmwood Ave or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
