65 6th Ave, Englehart, Ontario P0J 1H0

  • $2,950,000
65 6th Ave, Englehart, Ontario P0J 1H0
Active
65 6th Ave, Englehart, Ontario P0J 1H0
  • $2,950,000

Overview

Property ID: X8258412
  • Commercial Sale, Business
  • Property Type
  • 14832.65
  • Sqft

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.

  • Address 65 6th Ave
  • City Englehart
  • State/county Ontario
  • Zip/Postal Code P0J 1H0

Details

Updated on April 22, 2024 at 11:24 am
  • Property ID: X8258412
  • Price: $2,950,000
  • Property Size: 14832.65 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: X8258412

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