28,200 sqft
Forced Air
Acreage
$3,600,000
This well-maintained 26-unit apartment complex features 20 spacious two-bedroom suites and 6 one-bedroom suites, originally designed with seniors in mind and offering generous layouts. Each above-grade unit includes a private balcony, with south-facing suites enjoying beautiful views of Lake Huron sunsets. A common room is available for tenant gatherings and special occasions, enhancing the sense of community. The property boasts an excellent rental history with a waiting list. Conveniently located in Blind River, midway between Sault Ste. Marie and Sudbury along the Trans-Canada Highway. The building is within walking distance to grocery stores and the business district. Adding further value, the property includes a detached three-bedroom rental home and a paved parking lot. Carefully maintained by the same owner since construction, this asset is in excellent condition. The complex presents an exceptional investment opportunity, combining a strong tenant base, reliable income, and clear potential for rental growth in a sought-after Northern Ontario market. (id:63476)
Business
|
Business Type |
Other |
|
Business Sub Type |
Other |
Property Details
|
MLS® Number |
SM252788 |
|
Property Type |
Multi-family |
|
Community Name |
Blind River |
|
Features |
Wheelchair Access |
Building
|
Age |
29 Years |
|
Basement Type |
None |
|
Exterior Finish |
Brick, Vinyl |
|
Foundation Type |
Poured Concrete |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Forced Air |
|
Stories Total |
3 |
|
Size Interior |
28,200 Sqft |
|
Utility Water |
Municipal Water |
Parking
|
Surfaced | |
|
Gravel | |
|
Parking Space(s) |
36 |
Land
|
Access Type |
Road Access |
|
Acreage |
Yes |
|
Sewer |
Municipal Sewage System |
|
Size Frontage |
181.0000 |
|
Size Irregular |
1.37 |
|
Size Total |
1.37 Ac|1 - 3 Acres |
|
Size Total Text |
1.37 Ac|1 - 3 Acres |