196 Elmwood Avenue, Sault Ste Marie

$144,900
196 Elmwood Avenue

$144,900

New
3d
Detached1 1/2 Storey

196 Elmwood Avenue, Sault Ste Marie

Total Monthly Obligation $1,093

HausQ Valuation Report
Beds
3
Baths
1
Park
0
DOM
3d
Score
84
Yield
17.4%
Cash on Cash
47.2%
Cap Rate
14.7%
5Y IRR
55.7%
10Y IRR
51.8%
Property Type-Detached
MLS® Number-X14099484
Beds-3
Bathrooms-1
Lot Size-50 × 133.2 ft
Listed on site-Oct 20, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$1,606 (2026)
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Century 21 Choice Realty Inc.
Cooling-Other
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Unknown
Roof-Asphalt Shingle
Foundation-Post & Pad
Sewer-Sewer
Neighbourhood-Ward 4
Title-Residential Freehold

No agent assigned

An affordable opportunity to put your own stamp on! Located on the dead-end section of Elmwood in central Sault Ste. Marie, 196 Elmwood offers approximately 1,100 sq. ft. of living space with three bedrooms, one bathroom and gas forced-air heating. Two storage sheds provide extra room for tools and outdoor equipment. This home offers a great opportunity to update and make it your own, with an asking price of $144,900 that leaves room to explore the possibilities. Whether you’re looking for an affordable start or your next investment, this one is worth a look!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$115,920
Land Transfer Taxes$1,174
Legal Fees (Est.)
$
Total cash required for closing$31,654

Total Monthly Obligation

$1,093/mo
Mortgage $584
Monthly Loss $940
Principal$154
Interest$431
Property Tax$134
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
11.4%94
Cash-on-Cash
30.7%99
5-Year IRR
41.9%100
10-Year IRR
38.8%
Returns Index
98.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
84/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,200/yr
NOI
$16,574/yr
Net Cash Flow
$797/mo
Cash Margin
37.9%99
Cash Flow Index
99.0/ 100
Risk Profile
Weight: 20%
DSCR
2.3699
LTV Ratio
80.0%18
Vacancy Buffer
8.3 mo99
Risk Index
71.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 196 Elmwood Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.