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$3,600,000
Blind River
Blind River, Ontario, P0R1B0
This multi-family property in Blind River is for sale.
This well-maintained 26-unit apartment complex features 20 spacious two-bedroom suites and 6 one-bedroom suites, originally designed with seniors in mind and offering generous layouts. Each above-grade unit includes a private balcony, with south-facing suites enjoying beautiful views of Lake Huron sunsets. A common room is available for tenant gatherings and special occasions, enhancing the sense of community. The property boasts an excellent rental history with a waiting list. Conveniently located in Blind River, midway between Sault Ste. Marie and Sudbury along the Trans-Canada Highway. The building is within walking distance to grocery stores and the business district. Adding further value, the property includes a detached three-bedroom rental home and a paved parking lot. Carefully maintained by the same owner since construction, this asset is in excellent condition. The complex presents an exceptional investment opportunity, combining a strong tenant base, reliable income, and clear potential for rental growth in a sought-after Northern Ontario market. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 404 days on market, against an average age of 123 days across the listings currently for sale in this city
This multi-family in Blind River is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,600,000, about 52.6× the local median household income of $68,500.
Carrying it typically needs a household income of about $703,206 (20% down, 25-yr amortization, stress-tested) — roughly 927% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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