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77-79 Spruce Ave Elliot Lake, Ontario P5A 2C1

63710.48 sqft

$3,299,000

: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:46421)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X5355775
Property Type Multi-family

Building

Size Interior 63710.48 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Irregular 58 X 983 Ft
Size Total Text 58 X 983 Ft

https://www.realtor.ca/real-estate/23589073/77-79-spruce-ave-elliot-lake

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