Property Details

77-79 Spruce Avenue, Elliot Lake, Ontario, P5A2C1

77-79 Spruce Avenue, Elliot Lake, Ontario, P5A2C1 (ID 2098104)
Representative
Chris Rantanen portrait
Chris Rantanen
Sales Respresentative
Sutton-Benchmark Realty Inc., Brokerage
Cell: 705-691-1740
Tel: 705-566-5454

$3,299,000 - For sale

ID#:2098104

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. 8OO SQUARE FEET. TENANTS PAY THEIR OWN HEAT AND HYDRO THROUGH SEPARATE METRES. EXCELLENT POTENTIAL FOR INCOME GROWTH LONG TERM AS RENTS ARE RAPIDLY RISING. HIGH DEMAND IN ELLIOT LAKE WITH EXTREMLY LOW VACANCY RATES. PROPERTY TAXES $40, 508.88 (2020). CITY WATER RATE $23,389.66 (2021). SUPER INTENDENT ON SITE, RENT FREE (UNIT 29). HUGE POTENTIAL WITH PLENTY OF CASH FLOW. ALL BUYERS MUST BE PRE APPROVED. INCOME STATEMENT AVAILABLE UPON FULLY EXECTUED BUYER REPRESENTATION AGREEMENT AND CONFIDENTIALITY AGREEMENT IN PLACE AND IS REQUIRED PRIOR TO ALL SHOWINGS. SELLER IS A REALTOR IN ONTARIO. (id:2471)

Property Details
  • Property Address:77-79 Spruce Avenue, Elliot Lake, Ontario, P5A2C1
  • Property Type:Other
  • Title:Freehold
  • Acreage:1 - 3 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Year-round access
  • Driveway:Gravel
Structure Details for 77-79 Spruce Avenue, Elliot Lake, Ontario, P5A2C1
  • Structure Style:Other
  • Heating Type:Baseboard heaters
  • Foundation Type:Poured Concrete
  • Cooling Type:None
  • Rental Equipment:None
  • Exterior Type:Wood
Representative
Chris Rantanen portrait
Chris Rantanen
Sales Respresentative
Sutton-Benchmark Realty Inc., Brokerage
Cell: 705-691-1740
Tel: 705-566-5454
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Listing Office: SUTTON-BENCHMARK REALTY INC., BROKERAGE ELLIOT LAKE

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.


Loading...

77-79 Spruce Avenue, Elliot Lake, Ontario, P5A2C1

* not intended to solicit those currently under contract. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
The out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
By using our site, you agree to our Terms of Use
Translate ยป