77-79 Spruce Ave

Elliot Lake,

MLS®: X5355775

63710.48 sqft

$3,299,000

3 weeks ago

Viewed 6 times

For Sale

Description

: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. 800 Square Feet. Tenants Pay Their Own Heat And Hydro Through Separate Meters

Extra

Units Which Become Vacant Are Now Being Re-Rented At $1000 Per Month Plus Heat And Hydro. Excellent Potential For Income Growth Long Term As Rents Are Rapidly Rising. High Demand In Elliot Lake With Extremely Low Vacancy Rates.

Key Facts

  • Taxes: $40508.9
  • MLS#: X5355775
  • Price: $3,299,000
  • Status: Sale
  • Type: Investment
  • Style: n/a
  • Size: 63710.48
  • Updated: 2021-08-31 19:06:51.0
  • Year Built: n/a

Property

  • Type: Investment

Commercial General

  • Depth: 983.00
  • Lot Front: 58.00
  • List Price Code: For Sale
  • Lot/Bldg/Unit Code: Lot
  • Lot Size Code: Feet
  • Air Conditioning: N
  • Garage: None
  • Heating: Elec Forced Air
  • Possession Date: Flexible
  • Seller Property Info Statement: N
  • Zoning: Commercial
  • Type: U.
  • Taxes: $40508.9
  • Tax Year: 2020
  • Use: Apts-Over 20 Units
  • Freestanding: Y
  • Category: Apartment
  • Total Area: 63710.48
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Orig lp cd: For Sale

Price History

Updated Price Event
$3,299,000 Listed For Sale
$XXX,XXX Sold
$XXX,XXX Listed

Map

Updated: 31 Aug, 2021. Days On Market: 26 Days

Listing By: SUTTON GROUP REALTY SYSTEMS INC., BROKERAGE Information Updated: 2021-08-31 19:06:51.0

The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor RickMalhi.com.

More About This Property

Rick Malhi

Sales Representative
CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE

Our Address

208-5 Brisdale Dr,
Brampton, ON, L7A 0S9
+1-905-783-5700