32 Wallace Terr is a multiplex in Sault Ste Marie, listed for $209,900.
1Excellent investment opportunity at 32 Wallace Terrace!
2Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit.
3Most of the materials required to complete the renovation are included with the sale.
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Multiplex in Sault Ste Marie
About 32 Wallace Terrace
Excellent investment opportunity at 32 Wallace Terrace! This fully tenanted duplex offers an impressive 11.39% cap rate, with additional income potential through the creation of a third unit. Legally zoned for a triplex, the property currently features one two-bedroom unit and one one-bedroom unit, while the upper level is ready to be renovated into an additional unit. Most of the materials required to complete the renovation are included with the sale. Tenants pay their own PUC utilities, helping to keep operating costs low. Additional highlights include a durable metal roof and a garage offering valuable storage space. A fantastic opportunity for investors looking for immediate rental income with room to grow!
Sault Ste Marie multiplex priced at $209,900 — book a tour to see if it fits your search.
Inside 32 Wallace Terr
Every detail from the listing, in one place.
Type
Multiplex
Basement
Full
Features & systems
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Multiplex
32 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® X13888252$209,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 32 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.
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
$1,031
/mo
based on the purchase price of $209,900
$41,980 cash
$167,920 financed
$141,433 total interest
Principal54%$167,920
Interest46%$141,433
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.
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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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.
Keep looking near 32 Wallace Terr
Homes for sale in Sault Ste. Marie
Every active Sault Ste. Marie MLS® listing, updated all day.
Average days on market24Homes sold in about 24 days on average.
Sale-to-list ratio95.3%On average, homes sold below asking.
Active listings366Homes for sale here right now.
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.
Questions About 32 Wallace Terr
How much is 32 Wallace Terr listed for?
32 Wallace Terr is listed at $209,900 (MLS® X13888252). Summitly updates the price as soon as the MLS® record changes.
Has the price of 32 Wallace Terr changed?
No — 32 Wallace Terr is still listed at its original asking price of $209,900.
How many bedrooms and bathrooms does 32 Wallace Terr have?
The listing for 32 Wallace Terr doesn't publish its bedroom and bathroom count. It is a multiplex in Sault Ste Marie.
How much would the monthly mortgage be on 32 Wallace Terr?
About $1,031 a month — principal and interest on $209,900 with 20% down ($41,980), 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 32 Wallace Terr compare with other homes in Sault Ste Marie?
Its asking price of $209,900 is about 39% below 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.
Has 32 Wallace Terr been sold before?
Summitly has no earlier MLS® sale or lease of 32 Wallace Terr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 32 Wallace Terr?
32 Wallace Terr is in Sault Ste Marie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 32 Wallace Terr been on the market?
19 days — 32 Wallace Terr was listed on September 23, 2026.
Does 32 Wallace Terr have a basement, and is it finished?
The listing describes the basement as: Full.
What is the lot size of 32 Wallace Terr?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 32 Wallace Terr?
About $1,824 in Ontario land transfer tax at the asking price of $209,900. 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 32 Wallace Terr 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.
