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Last Updated : 76 Days ago
6 Algoma St, Wawa, Ontario,
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6 Algoma St, Wawa MLS Number: X11883220

Wawa, Algoma, ON, P0S 1K0

$1,999,000

Status: For Sale

  • Property Type: Commercial (Investment)
  • Property Taxes : $16566.14 (Tax Year:2024)
  • Listing Courtesy : Alloway Property Group Ltd.

6 Algoma St Property Description

Attention Investors! Discover a lucrative multi-family investment opportunity at 6 Algoma Street, Wawa, ON. This well-maintained, fully-tenanted 18-unit property (17 x 2-bedroom, 1 x 1-bedroom) offers significant upside potential with a current 5.98% CAP rate and projected rent increases. Situated on picturesque Wawa Lake, this property benefits from its strategic location at the heart of Northern Ontario's booming mining and forestry industries. Known as a regional hub, Wawa attracts steady economic growth and a vibrant tenant base. Recent upgrades include new flooring, fixtures, and appliances across multiple units, ensuring low maintenance and tenant satisfaction. Shared amenities include updated laundry facilities with new commercial dryers, modernized corridors, and a freshly painted mechanical room featuring a new hot water tank and circulating pump. The property enjoys stable income with room to optimize NOI by leveraging the strong demand for housing in the area. Wawa, with its rich natural resources and infrastructure development, offers a sustainable investment landscape, combining regional economic growth with competitive property appreciation potential. Take advantage of this rare opportunity to achieve excellent cash flow and long-term equity growth. **EXTRAS** Upgraded units with new flooring, fixtures, and appliances. Shared areas: new carpets, painted corridors, and an updated mechanical room with a new hot water tank and pump. Fully-tenanted with strong income potential and upside on rents.

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6 Algoma St Property Facts

Property Type :Commercial
MLS Number :X11883220
Listing Type :Sale
Possession Date :
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Last Updated :14 Feb, 2025 (76 Days ago)
Source :TRREB
Area :Algoma
Postal Code : P0S 1K0

6 Algoma St Property Price & Tax Insights

Price : $1,999,000
Property Taxes :$16566.14
Tax Year :2024

6 Algoma St, Wawa Property Details

Cross Street :Algoma St & Mckinley Ave

6 Algoma St, Wawa - Price History

2024-12

05 Dec, 2024

TREB #X11883220

Available

$1,999,000

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Rishi Raj Tiwari
Sales Representative / Broker
64X-49X-XXXX
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6 Algoma St - Location Map and Landmarks

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FAQs: 6 Algoma St, Wawa

  • Q:What is the Area Size of the 6 Algoma St In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Algoma. The MLS No of this project is X11883220 and the Project is located in Ontario, Canada
  • Q: Does this Project 6 Algoma St available for Sale ?

    A: The project 6 Algoma St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 6 Algoma St is Offering?

    A:Square Yards is giving a Cashback of $9,995 if you buy this property from us, however there are several key features offered by the 6 Algoma St. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 6 Algoma St, Algoma?

    A: 6 Algoma St, Algoma comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Algoma, On?

    A:Algoma, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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