property-description
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:38686)
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detailsSection.headers.propertyDetails
Property Tax
: $14,247Last Updated
: Thu, May 2, 2024Mls Num
: 40575604Listing Date
: Apr 22, 2024
detailsSection.headers.homeFeatures
Property Type
: detailsSection.listingTypeId.105Sub Division
: Englehart
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Heating
: ElectricBasement
: Finished, Full
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Sewer
: Municipal sewage system
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Exterior Features
: Brick
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