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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:24093)
Listed by PETER LENDAK and MICHELLE LENDAK of SUTTON-BENCHMARK REALTY INC.,BROKERAGE ELLIOT LAKE

Property Details of 77-79 Spruce Avenue

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"Based on information submitted to CREA as of October 17, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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