705.676.6269

  emakki25@gmail.com        705.676.6269

  • 65 6TH AVENUE
  • 65 6TH AVENUE
  • 65 6TH AVENUE
  • 65 6TH AVENUE
  • 65 6TH AVENUE
  • 65 6TH AVENUE
65 6TH AVENUE, Englehart, Ontario, P0J1H0
Property TypeMulti-family Building Area14832.65 square feet

Welcome to the Red School Apartments in Englehart, ON, where historic charm meets modern living. This meticulously converted 15-unit building, once a bustling schoolhouse, is now a multifamily gem just 2 hours north of North Bay. It combines the allure of northern investment with attractive cap rates and the stability of multi-residential assets. Englehart, known as ""The Little Town With the Big Heart,"" is a vibrant community rich in natural beauty and bustling with activities. Positioned halfway between Kirkland Lake and Temiskaming Shores, the building taps into a diverse workforce from mining, forestry, education, and business support services. This location not only assures steady demand but positions Red School Apartments as a central hub in a town celebrated for its welcoming atmosphere and progressive outlook. The property boasts modern amenities including on-site coin laundry and full TV/internet capabilities, ensuring comfort and convenience. Each unit's appeal is heightened by the town's robust offerings like Kap-Kig-Iwan Provincial Parks scenic trails and a range of local eateries and shops that cater to both families and outdoor enthusiasts. Fully tenanted with a history of high demand upon vacancy, Red School Apartments offers investors a turn-key solution with promising returns. Embrace the opportunity to invest in a property that stands at the crossroads of heritage and modernity, in a town where every season brings its own charm and a community that supports and thrives together. **** EXTRAS **** Well maintained offering. Sturdy brick construction with a purpose-built interior. Offered at 4.1% cap rate. Centrally located and close to all downtown amenities. Plenty of parking & access to winter plugs. (id:42512)


Business
Business TypeResidential Business Sub TypeApartments
Details
TransactionFor sale
Building
CoolingPartially air conditioned HeatingBaseboard heaters
Size Interior14832.65 sqft TypeMulti-Family
Utility WaterMunicipal water
Land
Size Irregular131.56 x 112.78 FT

Listing Office: ALLOWAY PROPERTY GROUP LTD.

Data Provided by Toronto Regional Real Estate Board

Last Modified :14/05/2024 01:36:15 AM

Listing Office: ALLOWAY PROPERTY GROUP LTD.

Data Provided by Toronto Regional Real Estate Board

Last Modified :14/05/2024 01:36:15 AM

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