Address
77-79 SPRUCE AVE Elliot Lake, ON
Price
$ 3,299,000
Property Attributes
  • ID#X5355775
  • TypeMulti-Family
  • CityElliot Lake
  • Postal CodeP5A 2C1
  • StyleMulti-Family
  • Price$ 3,299,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage63710
Listing Provided Courtesy Of:
Stanley Lendak with Sutton Group Realty Systems Inc.
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. 800 Square Feet. Tenants Pay Their Own Heat And Hydro Through Separate Meters**** EXTRAS **** 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. (id:27)

Exterior Features

Lot Size 58 x 983 FT
Jumpid 16144476

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 Multi-Family Average in P5A 2C1

Price
AVG $3.3M
$3.3M
Visits
AVG 11
10

Areas We Cover