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65 6th Avenue Englehart, Ontario P0J 1H0

24 Bedroom 15 Bathroom 14832.65 sqft

$2,950,000

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:33600)

Property Details

MLS® Number 40575604
Property Type Multi-family
Amenities Near By Hospital, Park, Playground, Schools, Shopping
Community Features Community Centre
Features Laundry- Coin Operated
Parking Space Total 15

Building

Bathroom Total 15
Bedrooms Total 24
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Brick
Fire Protection Security System
Heating Fuel Electric
Stories Total 2
Size Interior 14832.65 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Park, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 113 Ft
Size Frontage 132 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3 - Apartment Residential

https://www.realtor.ca/real-estate/26783121/65-6th-avenue-englehart


Catalyst Real Estate Brokerage Ltd.
909 Yonge Street, Unit: 27
Toronto, Ontario M4W 2H2

(416) 443-9000
(416) 443-9005
https://catalystre.ca/

Catalyst Real Estate Brokerage Ltd.
909 Yonge Street, Unit: 27
Toronto, Ontario M4W 2H2

(416) 443-9000
(416) 443-9005
https://catalystre.ca/

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