254 Wallace Terr is a multiplex in Sault Ste Marie, listed for $309,900. It has 5000 + sq ft of living space.
14-Plex with attached 20x24 wired & insulated garage (vacant), 2 - 3 bedroom units (1 rented 1 Vacant) Excellent opportunity for an Owner occupied unit or set your own rental rate. 1 - 4 bedroom plus Den & 1 - 2 bedroom.
2Separate meters, on demand boiler for 2 main floor units and 4 bed plus den high efficiency furnace.
4-Plex with attached 20x24 wired & insulated garage (vacant), 2 - 3 bedroom units (1 rented 1 Vacant) Excellent opportunity for an Owner occupied unit or set your own rental rate. 1 - 4 bedroom plus Den & 1 - 2 bedroom. Separate meters, on demand boiler for 2 main floor units and 4 bed plus den high efficiency furnace. Parking lot across the street is included & measures 36.62ftx121.66ft with additional oversized storage shed, full basement for storage, security system, includes cameras & hard drive system. 4 Fridges & 4 Stoves included. (as is condition) 24 Hr. Notice for showings. Property taxes $9804.27 / 2026 year. (Sold as is where is no representation or warranty offered from the Sellers). 48Hr irrevocable for offer review. New Boiler 2026.
works out to roughly $62 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 254 Wallace Terr
Every detail from the listing, in one place.
Type
Multiplex
Living space
5000 + sq ftas stated on the listing
Basement
Full
Features & systems
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Multiplex
254 Wallace Terr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14098452$309,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 254 Wallace Terr Compares to the Sault Ste Marie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,522
/mo
based on the purchase price of $309,900
$61,980 cash
$247,920 financed
$208,814 total interest
Principal54%$247,920
Interest46%$208,814
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
Own a home on Wallace Terrace? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 254 Wallace Terr with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 254 Wallace Terr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
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 homes for sale in Sault Ste Marie around $310K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.4%On average, homes sold below asking.
Active listings368Homes for sale here right now.
Median vs prior 90 days+8.2%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 419 sales from Jul 25 – Oct 23, 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 254 Wallace Terr
How much is 254 Wallace Terr listed for?
254 Wallace Terr is listed at $309,900 (MLS® X14098452). Summitly updates the price as soon as the MLS® record changes.
Is $309,900 a good price for 254 Wallace Terr?
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
Has the price of 254 Wallace Terr changed?
No — 254 Wallace Terr is still listed at its original asking price of $309,900.
How many bedrooms and bathrooms does 254 Wallace Terr have?
254 Wallace Terr has about 5,000 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a multiplex in Sault Ste Marie.
How much would the monthly mortgage be on 254 Wallace Terr?
About $1,522 a month — principal and interest on $309,900 with 20% down ($61,980), 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 254 Wallace Terr compare with other homes in Sault Ste Marie?
Its asking price of $309,900 is about 6% below the median sold price in Sault Ste Marie over the last 90 days, $330,000, across 419 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 254 Wallace Terr been sold before?
Summitly has no earlier MLS® sale or lease of 254 Wallace Terr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 254 Wallace Terr?
254 Wallace Terr is in Sault Ste Marie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 254 Wallace Terr been on the market?
254 Wallace Terr was listed today (October 20, 2026).
What is the price per square foot of 254 Wallace Terr?
About $62 per square foot: the asking price of $309,900 over the 5,000 sq ft the listing gives.
Does 254 Wallace Terr have a basement, and is it finished?
