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$ 2,255,000
Est. payment | /mo
$ 2,255,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12372825
Annual Tax Amount $18,141
Tax Year 2025
Property Sub-Type Investment
Property Description
2 storey wood frame former motel converted into apartment suites. Brick exterior, double windows and flat roof. Walk up apartment building with little common areas and easy to manage. Low maintenance. Many suites updated and over $180,000 spent recently. 36 bachelors 5 one beds and 1 three bed. Well located asset in downtown. Potential to add 2 suites and turn solar panels back on. Potential to sub meter hydro and landlord stop paying for cable/internet.
Location
Province ON
County Algoma
Area Algoma
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 200.0
Lot Depth 104.9
Others
Security Features No
ParcelsYN No
Listed by COMMERCIAL FOCUS REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN