142 Pilgrim St Sault Ste. Marie, Ontario P6A 3E9

$329,900

Discover a charming century-built duplex with separate entrances is nestled in the heart of the city's vibrant central downtown area, located on the picturesque and tree-lined Pilgrim Street. This delightful property showcases true pride of ownership, evident through numerous thoughtful improvements that enhance both functionality and aesthetic appeal. The duplex features a private yard, providing a serene outdoor retreat for tenants to enjoy. With gas forced air heating and tenants responsible for their own electricity, this investment property is designed for efficiency and convenience. The current rental income is impressive, with the main floor unit fetching $1,691.25 and the upper unit at $1,300, offering a robust operating cap rate of 8.6%. The owner covers gas and water/sewer expenses, ensuring a seamless management experience. Inside, you'll find an abundance of character with beautiful hardwood floors and high ceilings that create a spacious and inviting atmosphere. The main floor boasts a well-appointed 2-bedroom layout, complete with a basement that houses laundry facilities and offers access to a private side deck. This level also features a second bathroom and the potential for an additional suite, maximizing rental opportunities. The upper unit is equally charming, featuring 1.5 bedrooms and a cozy yet spacious living area. Recently renovated, it includes all-new kitchen appliances, a convenient combo washer/dryer unit, and a beautifully updated bathroom. The stylish vinyl plank flooring throughout adds a modern touch while maintaining the property’s classic charm. This duplex presents a fantastic investment opportunity, allowing you to enjoy steady rental income without the worry of major renovations. Don't miss your chance to own this impressive property in a sought-after location, perfect for those looking to invest in a thriving community or buy as an owner occupied property. Be worry free with a wired interconencted smoke/C02 detectors. (id:61635)

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