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$ 4,100,000
Est. payment | /mo
28,200 SqFt
$ 4,100,000
Est. payment | /mo
28,200 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 28,200 sqft
Price per Sqft $145
Subdivision Blind River
MLS® Listing ID SM252787
Lot Size 1.370 Acres
Acres 1.37
Source Sault Ste. Marie Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N Yes
View View
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Listed by Remax Sault Ste. Marie Realty Inc.
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Nest Real Estate Group
Real Estate Team | License ID: 139039