Welcome to the Red School Apartments in Englehart, ON, where historic charm meets modern living. This meticulously converted 15-unit building, once a bustling schoolhouse, is now a multifamily gem just 2 hours north of North Bay. It combines the allure of northern investment with attractive cap rates and the stability of multi-residential assets. Englehart, known as The Little Town With the Big Heart, is a vibrant community rich in natural beauty and bustling with activities. Positioned halfway between Kirkland Lake and Temiskaming Shores, the building taps into a diverse workforce from mining, forestry, education, and business support services. This location not only assures steady demand but positions Red School Apartments as a central hub in a town celebrated for its welcoming atmosphere and progressive outlook. The property boasts modern amenities including on-site coin laundry and full TV/internet capabilities, ensuring comfort and convenience. Each unit's appeal is heightened by the town's robust offerings like Kap-Kig-Iwan Provincial Parks scenic trails and a range of local eateries and shops that cater to both families and outdoor enthusiasts. Fully tenanted with a history of high demand upon vacancy, Red School Apartments offers investors a turn-key solution with promising returns. Embrace the opportunity to invest in a property that stands at the crossroads of heritage and modernity, in a town where every season brings its own charm and a community that supports and thrives together. (id:54532)
MLS® Number | 40575604 |
Property Type | Multi-family |
Amenities Near By | Hospital, Park, Playground, Schools, Shopping |
Community Features | Community Centre |
Features | Laundry- Coin Operated |
Parking Space Total | 15 |
Bathroom Total | 15 |
Bedrooms Total | 24 |
Basement Development | Finished |
Basement Type | Full (finished) |
Exterior Finish | Brick |
Fire Protection | Security System |
Heating Fuel | Electric |
Stories Total | 2 |
Size Interior | 14832.6500 |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Hospital, Park, Playground, Schools, Shopping |
Sewer | Municipal Sewage System |
Size Depth | 113 Ft |
Size Frontage | 132 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | R3 - Apartment Residential |
https://www.realtor.ca/real-estate/26783121/65-6th-avenue-englehart
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Sotheby's International Realty Canada, Brokerage
243 Hurontario St,
Collingwood, ON L9Y 2M1
Rioux Baker Team Contacts
Click name for contact details.
Direct: 705-443-2793
EMAIL SHERRY
Direct: 705-444-3989
EMAIL EMMA
Direct: 705-441-1071
EMAIL JACKI
Direct: 289-685-8513
EMAIL CRAIG
Direct: 705-994-2842
EMAIL HOLLIE
Direct: 705-416-1499 ext. 25
EMAIL ALMIRA
Direct: 705 606-6442
EMAIL LORI
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