Espanola, Ontario, P5E1P1
This multi-family property in Espanola is for sale.
A truly unique investment opportunity on the Spanish River! Set on peaceful acreage just minutes from Espanola, this well-maintained six-unit property features two 2-bedroom units and four 1-bedroom units, including a gorgeous, beautifully updated owner-occupied suite. Enjoy a quiet country setting with deer in the backyard, mallards nesting by the pond, evening boat rides, fishing along the river and incredible sunsets from the deck. A nearby boat launch and direct access to snowmobile trails make it easy to enjoy the outdoors year-round, while shopping, golf, the recreation centre and hospital are only minutes away. The property also offers a detached garage. A rare opportunity to combine strong rental potential with an incredible Northern Ontario lifestyle. (id:66096)
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$1,275,000
Espanola
Features and services as supplied by the listing brokerage.
Long Listed: 61 days on market, against an average age of 60 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $1,275,000, about 16.2× the local median household income of $78,500.
Carrying it typically needs a household income of about $249,052 (20% down, 25-yr amortization, stress-tested) — roughly 217% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5E)
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Loading rates, 30-yr amortization
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