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MLS®: 40575604 |
Status: For sale
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Royal Lepage Real Quest Realty Limited Brokerage - Orillia
Dan Parnell
Sales Representative
Email Me
Telephone:(705) 327-9999
Cellular:(705) 330-7928
Toll Free:(866) 933-9733
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Location:
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65 6th Avenue, Englehart Ontario, P0J1H0
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Description: |
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. (id:2471) |
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Property: |
| Type: Multi-family |
| Acreage: under 1/2 acre |
| Sewer: Municipal sewage system | Water: Municipal water |
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Structure: |
| Square Footage: 14832.6500 |
| Bedrooms: 24 | Bathrooms: 15 |
| Heating Type: Electric |
| Exterior: Brick |
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Features:
 | Laundry- Coin operated |
| Community Centre |
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Listing Office: Alloway Property Group Ltd., Brokerage
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**Broker *Sales Representative
