65 6th Avenue, Englehart, Ontario

$2,950,000

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24

Beds

15

Baths

14,833

Square feet

About 65 6th Avenue

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:6289)

Features of 65 6th Avenue

Listing # 40575604
Price $2,950,000
Bedrooms 24
Bathrooms 15.00
Square Footage 14,833
Acres 0.00
Type Multi-family
Sub-Type Freehold

Community Information

Address 65 6th Avenue
Subdivision Englehart
City Englehart
Province Ontario
Postal Code P0J1H0

Amenities

Amenities Hospital, Park, Playground, Schools, Shopping
Features Laundry- Coin operated
Parking Spaces 15
Is Waterfront No
Has Pool No

Interior

Heating Electric
Fireplace No
# of Stories 2
Has Basement Yes

Exterior

Exterior Brick

Listing Details

OfficeAlloway Property Group Ltd., Brokerage

Listing Map

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