P6A Apartment Buildings for Sale

P6A Apartment Building for Sale

49 Saint Mary's River Dr

Sault Ste. Marie, ON P6A 6G9

Multifamily for Sale
$11,640,000 CAD
102,000 SF

24 Hour Access
Controlled Access
Kitchen

Sault Ste. Marie Multifamily for Sale

Station 49 Apartments is a 102-suite, purpose-built multifamily asset located at 49 St. Mary’s River Drive in Sault Ste. Marie, Ontario. Offered at $11,640,000 (just $114,117 per unit), this investment presents a compelling opportunity to acquire scale in a stable Northern Ontario rental market with significant embedded upside. The property features a highly efficient unit mix, with 101 one-bedroom suites and 1 two-bedroom suite. It is professionally managed with steady turnover that supports rental growth. The asset generates additional revenue through laundry, parking, and air conditioning rentals, and has implemented cost-saving systems such as individual heating cost controls. With approximately 60% upside to market rents, robust historical turnover averaging 16.9% annually over the last three years, and recent capital improvements, Station 49 Apartments is well-positioned to deliver strong cash flow and long-term value growth for an active investor.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-09-09

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Apartment Buildings for Sale in P6A

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How many apartment buildings are available for sale in P6A?

There are currently 1 apartment buildings available for sale in P6A, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in P6A?

The average size of apartment buildings available for sale in Sault Ste Marie is about 102,000 SF. The largest apartment buildings available to buy is 102,000 SF and the smallest is 102,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

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Apartment Building for Sale in P6A