Maximum 4 project can be compared at one go.
$XXX,XXX
Status: OFF MARKET
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.
Property Type | :Residential Income |
MLS Number | :40575604 |
Listing Type | :Sale |
Property Age | :6-15 Years years |
Possession Date | : |
Last Updated | :22 Apr, 2024 (158 Days ago) |
Source | :The Lakelands |
Area | :Timiskaming |
City | :Englehart |
Area Major | :Englehart |
Area Minor | :Englehart |
Postal Code | : P0J 1H0 |
Directions | :Hwy 11 North to Englehart ON, 6th ave runs E/W, property located between 3rd St. and 4th St. |
Price | : $2,950,000 |
Property Taxes | :$14247 |
Tax Year | :2024 |
Bedrooms | :24 + |
Air Conditioning | :Other |
Heating | :Electric |
Place of Worship | :No |
Bathrooms | :15 |
Approx Square Footage | :14832.65 sqft |
Parking Space | :15 |
Basement | :Full |
Park | :Park |
22 Apr, 2024
TREB #40575604
Listed
$2950000