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26 photos
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$3,600,000
Est. payment /mo
28,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 28200
Square Footage 28,200 sqft
Price per Sqft $127
Subdivision Blind River
MLS® Listing ID SM252787
Lot Size 1.370 Acres
Acres 1.37
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
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
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Listed by Remax Sault Ste. Marie Realty Inc.
Nearby Locations
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