Prime investment opportunity at 427–429 Wellington St. East! This centrally located 6-plex is situated in a convenient downtown location, close to numerous amenities and offering an excellent addition to any investment portfolio. The property features three one-bedroom units and three two-bedroom units. Heating is provided by a combination of gas forced-air furnaces and electric baseboards. The two main level units each have their own separate gas furnaces while floors 2 and 3 are electric baseboard. With a desirable unit mix, central location, and established rental setup, this is an excellent opportunity for investors. Don’t miss out—book your viewing today!
works out to roughly $262 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 427-429 Wellington St E
Every detail from the listing, in one place.
Type
Multiplex
Living space
2000-2500 sq ftas stated on the listing
Basement
Full
Features & systems
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Multiplex
427-429 Wellington St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13888222$524,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 427-429 Wellington St E 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
$2,579
/mo
based on the purchase price of $524,900
$104,980 cash
$419,920 financed
$353,683 total interest
Principal54%$419,920
Interest46%$353,683
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.
Similar homes for sale nearby in Sault Ste Marie
Other homes for sale in Sault Ste Marie around $525K.
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 427-429 Wellington St E
How much is 427-429 Wellington St E listed for?
427-429 Wellington St E is listed at $524,900 (MLS® X13888222). Summitly updates the price as soon as the MLS® record changes.
Is $524,900 a good price for 427-429 Wellington St E?
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 427-429 Wellington St E changed?
No — 427-429 Wellington St E is still listed at its original asking price of $524,900.
How many bedrooms and bathrooms does 427-429 Wellington St E have?
427-429 Wellington St E 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.
How much would the monthly mortgage be on 427-429 Wellington St E?
About $2,579 a month — principal and interest on $524,900 with 20% down ($104,980), 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 427-429 Wellington St E compare with other homes in Sault Ste Marie?
Its asking price of $524,900 is about 52% 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.
Has 427-429 Wellington St E been sold before?
Summitly has no earlier MLS® sale or lease of 427-429 Wellington St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 427-429 Wellington St E?
427-429 Wellington St E is in Sault Ste Marie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 427-429 Wellington St E been on the market?
34 days — 427-429 Wellington St E was listed on September 8, 2026.
What is the price per square foot of 427-429 Wellington St E?
About $210 to $262 per square foot: the asking price of $524,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 427-429 Wellington St E have a basement, and is it finished?
