305 Reid Street, Sault Ste Marie

$620,000
305 Reid Street

$620,000

New
9d
DetachedSidesplit

305 Reid Street, Sault Ste Marie

Total Monthly Obligation $3,387

Beds
3
Baths
3
Park
0
Sqft
2000-2500
DOM
9d
Yield
4.1%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-X14031660
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-74 × 218.95 ft
Listed on site-Oct 14, 2026
Style-Sidesplit
Building Type-Detached
Taxes-$6,137.07 (2026)
Parking-Other
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-Exit Realty True North
Cooling-Other
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Neighbourhood-Ward 4
Title-Residential Freehold

No agent assigned

Beautifully maintained and meticulously cared for, this all-brick side split is situated in a desirable central location on an impressive 74x218.95 lot, offering an abundance of space and privacy. This lovely home features a spacious and inviting layout, with beautiful hardwood flooring throughout the main living and dining areas, a generous eat-in kitchen with granite countertops, and a sunken family room highlighted by a gas fireplace and patio doors leading to the beautifully landscaped, private backyard and patio area. The main level also offers the convenience of a dedicated laundry room and access to the double attached garage. Upstairs, you’ll find three generously sized bedrooms, including a primary bedroom with a walk-in closet, and a spacious main bathroom with double sinks. The lower level provides an abundance of additional living space, featuring a large recreation room, a second kitchen with dining area, a three-piece bathroom, and excellent potential for an in-law suite. Additional highlights include updated windows, gas forced-air heating, central air conditioning, ample storage throughout, and a large cantina. Offering exceptional pride of ownership, this is a wonderful opportunity to own a quality home on an outstanding city lot, with room to enjoy both indoors and out. A truly special property!

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Closing Costs

Mortgage Amount
$496,000
Land Transfer Taxes$8,875
Legal Fees (Est.)
$
Total cash required for closing$134,375

Total Monthly Obligation

$3,387/mo
Mortgage $2,501
Monthly Loss $2,729
Principal$658
Interest$1,843
Property Tax$511
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 305 Reid Street

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