Listed for:Listed 11 days ago
$254,900

197 Wallace Terrace

Sault Ste Marie (Ward 4), ON P6C 1K2

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 197 Wallace Terrace, Sault Ste Marie, Ward 4

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 197 Wallace Terrace, Sault Ste Marie, Ward 4

Summarized Description

  • Solid brick 1.5-storey home in west end.
  • Updated with new kitchen flooring.
  • Main-floor primary bedroom for convenience.
  • Finished basement with additional living space.
  • Private backyard with mature trees.
  • Detached garage and rear laneway access.
  • Close to schools and public transit.
  • Ideal for first-time buyers or investors.

Updated & Ready for Its Next Owner! This solid brick 1.5-storey home in the city’s west end has seen recent repairs and improvements, including new kitchen flooring. Offering 3 bedrooms and 2 bathrooms, the home features a convenient main-floor primary bedroom plus a finished basement with a second bathroom and 2 dens, providing plenty of additional living space. Features include efficient natural gas boiler heat, a detached garage, rear laneway access and a private backyard with mature trees. Conveniently located close to schools, shopping, public transit, Algoma Steel and other west-end amenities. An excellent opportunity for first-time buyers, families or investors.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$1,969
Land Transfer Tax Fee
$2,299

Rental Items

Rental Equipment
Hot Water Tank

Basement Type
Finished, Full

Interior Features

Interior Extras
Other
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
1 1/2 Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Other
Special Designation
Other

Lot

Lot Front
41.00 ft
Lot Depth
120.00 ft

Inclusions

Inclusions
None

Exclusions

Exclusions
None

Parking & Garages

Garage Type
Detached
Garage Spaces
1

Heating & Cooling

Heat Source
Gas
Heat Type
Other
Air Conditioning
Other
Water
Municipal
Sewers
Sewer

Bedrooms
3
Washrooms
2
Kitchens
1

Room sizes

  • Kitchen8.5 x 12
    Main level
  • Living Room17.10 x 11.3
    Main level
  • Dining Room8.5 x 5.8
    Main level
  • Bedroom17.1 x 11.7
    Main level
  • Bedroom 211.10 x 8.6
    Second level
  • Bedroom 311.11 x 11.11
    Second level
  • Bathroom4pc
    Second level

Washrooms

  • 4-piece, Second

Municipality
Sault Ste Marie
Neighbourhood
Ward 4
Zoning
R3

MLS® number
X14081854
Data source
ssm
Listed on
2026-10-15
Updated on
2026-10-19
Days on market
11 days
Co-op commission
2.00%
Seller
Listed by
EXP Realty Brokerage

Home Market Value

Current home valuation for 197 Wallace Terrace, Sault Ste Marie, Ward 4, Sault Ste Marie, ON. Listed for $254,900

HOMEH Estimate

?

$228,684

Estimated Sales Range

?

$180,660 - $276,708

HOMEH Estimate for 197 Wallace Terrace, Sault Ste Marie, Ward 4

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$228,684Medium confidence
Based on 5 comparable properties
+ $26,216 (11%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Sault Ste Marie, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$12,745

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$9,686$7,112$6,067$0
=Total mortgage
$251,841$236,522$222,732$203,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$1,230monthly$1,155monthly$1,087monthly$996monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$2,299

Total Land Transfer Tax

$2,299

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