Address
77-79 Spruce Avenue Elliot Lake, ON
Price
$ 3,299,000
Property Attributes
  • ID#2098104
  • TypeSingle Family
  • CityElliot Lake
  • Postal CodeP5A 2C1
  • Style
  • Price$ 3,299,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Peter Lendak with Sutton-Benchmark Realty Inc., Brokerage Elliot Lake
Data Source:
RLP - CREA EN
Property 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. 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:27)

Exterior Features

Jumpid 16134338
Mls 2098104

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in P5A 2C1

Price
AVG $3.3M
$3.3M
Visits
AVG 24
23