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:13843)
Details
MLS #
SM252788
Listing Type
For Sale
Status
Active
Year
1997
Days On Site
333
Listing Provided By
Remax Sault Ste. Marie Realty Inc. | Drew Butkovich
Features
SQ Feet
28,200
Story(s)
3
Acreage
1.37
Exterior
Lot Features
Wheelchair access
Parking
Parking Features
Parking Space(s), Gravel, Surfaced
Taxes
Tax Annual Amount
22924
Area Information
Province
ON
City
Blind River
Postal Code
P0R1B0
Sourced by Back At You
MLS Number: SM252788
Drew Butkovich – (705) 989-6466
Remax Sault Ste. Marie Realty Inc. – (705) 759-0700
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MLS Number: SM252788
Drew Butkovich – (705) 989-6466
Remax Sault Ste. Marie Realty Inc. – (705) 759-0700
