Bathrooms15 | Bedrooms24 |
Property TypeMulti-family | Building Area14832.65 |
Alloway Property Group Ltd., Brokerage
Bathrooms15 | Bedrooms24 |
Property TypeMulti-family | Building Area14832.65 |
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:16261) |
Amenities NearbyHospital, Park, Playground, Schools, Shopping | Community FeaturesCommunity Centre |
FeaturesLaundry- Coin operated | OwnershipFreehold |
Parking Spaces15 | TransactionFor sale |
Zoning DescriptionR3 - Apartment Residential |
Basement DevelopmentFinished | BasementFull (Finished) |
Exterior FinishBrick | Fire ProtectionSecurity system |
Bathrooms (Total)15 | Heating FuelElectric |
Size Interior14832.6500 | Storeys Total2 |
Utility WaterMunicipal water |
Size Frontage132 ft | AmenitiesHospital, Park, Playground, Schools, Shopping |
SewerMunicipal sewage system | Size Depth113 ft |
Listing Office: Alloway Property Group Ltd., Brokerage
Data Provided by The Lakelands Association of REALTORS®
Last Modified :22/04/2024 11:53:21 AM
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