$3,600,000
Est. payment /mo
0.5 Acres Lot
Active Under Contract
45 Murray ST Blind River, ON P0R 1B0
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Blind River
MLS Listing ID X13887058
Annual Tax Amount $22,294
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Multiplex
Property Description
This well-maintained 26-unit apartment complex features 20 spacious two-bedroom suites and 6 one-bedroom suites, originally designed with seniors in mind and offering generous layouts. Each above-grade unit includes a private balcony, with south-facing suites enjoying beautiful views of Lake Huron sunsets. A common room is available for tenant gatherings and special occasions, enhancing the sense of community. The property boasts an excellent rental history with a waiting list. Conveniently located in Blind River, midway between Sault Ste. Marie and Sudbury along the Trans-Canada Highway. The building is within walking distance to grocery stores and the business district. Adding further value, the property includes a detached three-bedroom rental home and a paved parking lot. Carefully maintained by the same owner since construction, this asset is in excellent condition. The complex presents an exceptional investment opportunity, combining a strong tenant base, reliable income, and clear potential for rental growth in a sought-after Northern Ontario market.
Location
Province ON
County Algoma
Area Algoma
Zoning RM3
Rooms
Basement None
Interior
Interior Features Other
Cooling Other
Inclusions --
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Rolled
Road Frontage Municipal Road
Lot Frontage 181.0
Lot Depth 330.9
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by Remax Sault Ste. Marie Realty Inc.
NEARBY SCHOOL & BUSINESS
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