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$635,000
Est. payment /mo
7 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X12310431
Style 2-Storey
Bedrooms 7
Annual Tax Amount $6,504
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Incredible opportunity to own this well-maintained, all-brick 5-unit purpose-built apartment building, perfectly positioned at the base of North Street and just steps from the waterfront, scenic boardwalk, shopping plazas, and a wide range of amenities. This income-generating property features 3 spacious two-bedroom units and 2 one-bedroom units, with immediate potential for rental upside. Additional income is boosted by a coin-operated washer and dryer. A large paved parking lot offers plenty of tenant parking. Recent updates include a brand new high-efficiency gas furnace, fresh paint, updated trim, and more in several units. The basement offers a wide open layout with abundant space, ideal for additional paid tenant storage or future development opportunities.
Location
Province ON
County Algoma
Area Algoma
Rooms
Family Room No
Basement Unfinished
Kitchen 5
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Flat
Lot Frontage 106.86
Lot Depth 120.0
Total Parking Spaces 5
Building
Foundation Concrete
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Listed by RIGHT AT HOME REALTY