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77-79 Spruce Avenue, Elliot Lake, Ontario P5A 2C1 (23583290)


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77-79 Spruce Avenue Elliot Lake, Ontario P5A 2C1

None Baseboard Heaters Acreage

$3,299,000

ATTENTION INVESTORS!! 2 MULTI UNIT RESIDENTIAL TOWNHOMES WITH A TOTAL OF 29 UNITS IN THE HEART OF ELLIOT LAKE. EXCELLENT LOCATION. JUST STEPS TO THE HOSPITAL, SPRUCE BEACH, ARENA, WALKING TRAILS AND DOWNTOWN CORE. PROPERTY IS APPROXIMATELY 1.44 ACRES IN SIZE. 2 SEPARATE BUILDINGS WHICH CONSIST OF A MIX OF 14 - 2 BEDROOM TOWNHOMES AND 15 - 3 BEDROOM TOWNHOMES EACH APPROX. 8OO SQUARE FEET. TENANTS PAY THEIR OWN HEAT AND HYDRO THROUGH SEPARATE METRES. EXCELLENT POTENTIAL FOR INCOME GROWTH LONG TERM AS RENTS ARE RAPIDLY RISING. HIGH DEMAND IN ELLIOT LAKE WITH EXTREMLY LOW VACANCY RATES. PROPERTY TAXES $40, 508.88 (2020). CITY WATER RATE $23,389.66 (2021). SUPER INTENDENT ON SITE, RENT FREE (UNIT 29). HUGE POTENTIAL WITH PLENTY OF CASH FLOW. ALL BUYERS MUST BE PRE APPROVED. INCOME STATEMENT AVAILABLE UPON FULLY EXECTUED BUYER REPRESENTATION AGREEMENT AND CONFIDENTIALITY AGREEMENT IN PLACE AND IS REQUIRED PRIOR TO ALL SHOWINGS. SELLER IS A REALTOR IN ONTARIO. (id:39567)

Property Details

MLS® Number 2098104
Property Type Other
Equipment Type None
Rental Equipment Type None
Road Type Paved Road

Building

Amenities Separate Heating Controls, Separate Electricity Meters
Cooling Type None
Exterior Finish Wood
Fire Protection Unknown
Foundation Type Poured Concrete
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Type Other
Utility Water Municipal Water

Parking

Gravel

Land

Access Type Year-round Access
Acreage Yes
Sewer Municipal Sewage System
Size Total Text 1 - 3 Acres
Zoning Description Commercial

https://www.realtor.ca/real-estate/23583290/77-79-spruce-avenue-elliot-lake

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