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$1,250,000
Elliot Lake
Elliot Lake, Ontario, P5A2T1
This retail property in Elliot Lake is for sale.
Welcome to 6 Oakland — a rare opportunity to acquire a fully leased, income-producing commercial property situated on over an acre of land in a high-visibility location. This well-maintained property features a multi-tenant building with five established tenants, providing stable and diversified rental income. The site includes a fully operational car wash and automotive repair facility, making it a strong asset in a high-demand service sector. With ample parking, excellent accessibility, and strong tenant retention, this property offers investors immediate cash flow and long-term upside potential. The expansive lot size provides flexibility for future improvements or redevelopment (subject to approvals), further enhancing its value. 6 Oakland delivers stability, income, and growth potential in one compelling package making it the perfect investment to add to your portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 259 days on market, against an average age of 66 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Elliot Lake 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 $1,250,000, about 25.0× the local median household income of $50,000.
Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 388% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5A)
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