691-709 Pine Street, Sault Ste Marie, ON P6B 3G2, Sault Ste Marie, ON
4.13 sqft
Prime opportunity to acquire a fully stabilized, 100% occupied, grocery-anchored plaza in the heart of Sault Ste. Marie. Pine Plaza is a well-established neighborhood retail Centre comprising approximately 42,455 sq. ft., anchored by a top-performing national grocery tenant with long-term lease options, providing exceptional income stability and consistent foot traffic. The plaza features a diverse tenant mix of retail, service, and food users, creating a strong daily-needs destination for the surrounding community. A favorable lease expiry profile with a Weighted Average Lease Term (WALT) of approximately 3.65 years. The 2023 renovation was more than facade; units 2, 3, 4, 5 new vanilla shells; units 2-8 all new rooftop HVACs. Strategically located on Pine Street, a major arterial corridor, the asset benefits from excellent visibility, accessibility, and strong surrounding residential density. Freehold ownership, established tenancy, and built-in upside through rental growth and future re-tenanting opportunities make this an ideal investment for both private and institutional buyers seeking a core-plus retail asset with resilient fundamentals.
Property Highlights
For Sale
MLS NO.
X12793352
Type
Commercial
Sub Type
Investment
Square Footage
4.13 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12793352
Security Features
No
Lot Width
438.05
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
691-709 Pine Street, Sault Ste Marie, ON P6B 3G2
City
Sault Ste Marie
County / Region
Algoma
Province / State
ON
Postal Code
P6B 3G2
Cross Street
Pine St/ Mcnabb St
Directions
Pine St/ Mcnabb St
List Price
$9,550,000
Annual Taxes
$173,226
Tax Year
2025
Legal Description
BLK A PL H532 ST. MARY'S; PT LT 4 CON 4 ST. MARY'S AS IN T423838; SAULT STE. MARIE SUBJECT TO AN EASEMENT IN GROSS AS IN AL263258
Possession Type
Immediate
Possession Details
Immediate
Listing Office
CBRE LIMITED
Board
Toronto Regional Real Estate Board
Original Entry
2026-02-17T16:07:43Z
Media Updated
2026-02-17T16:07:43Z
Photos Updated
2026-02-17T16:07:43Z
Last Modified
2026-02-17T16:07:43Z
System Modified
2026-02-17T16:07:43.307616Z
MLS Status
New
Basement Yn
Yes
Co List Office Name
CBRE LIMITED
Ddfyn
Yes
Expiration Date
2026-08-17
Heat Type Multi
Gas Forced Air Closed
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Public Remarks
Prime opportunity to acquire a fully stabilized, 100% occupied, grocery-anchored plaza in the heart of Sault Ste. Marie. Pine Plaza is a well-established neighborhood retail Centre comprising approximately 42,455 sq. ft., anchored by a top-performing national grocery tenant with long-term lease options, providing exceptional income stability and consistent foot traffic. The plaza features a diverse tenant mix of retail, service, and food users, creating a strong daily-needs destination for the surrounding community. A favorable lease expiry profile with a Weighted Average Lease Term (WALT) of approximately 3.65 years. The 2023 renovation was more than facade; units 2, 3, 4, 5 new vanilla shells; units 2-8 all new rooftop HVACs. Strategically located on Pine Street, a major arterial corridor, the asset benefits from excellent visibility, accessibility, and strong surrounding residential density. Freehold ownership, established tenancy, and built-in upside through rental growth and future re-tenanting opportunities make this an ideal investment for both private and institutional buyers seeking a core-plus retail asset with resilient fundamentals.
