Located on a high-visibility corridor in the heart of Sault Ste. Marie, this 13-unit hospitality property, inclusive of an attached single-family residence, offers unmatched value at just ~$27k per unit and ~$66 per square foot. The $3.22 billion Soo Locks expansion project brings an influx of construction workers, engineers, contractors, and government personnel to the area through at least 2030, while long-term rental demand is already strong thanks to very low supply and proximity to Lake Superior State University. At $350,000, this asset is priced to move and offers a clear path to immediate cash flow with multiple exit strategies for investors, developers, and owner/operators alike. One of the owners is a licensed realtor and this property may be bought as a package with 1707 Ashmun.
Listing Provided Courtesy of - Xpedition Summit Realty Group