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Home ON Elliot Lake
77-79 SPRUCE AVE
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$3,500,000
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77-79 SPRUCE AVE
Elliot Lake, Ontario P5A2C1

MLS® Number: X5243201

Listing Description

Attention Investors!! 2 Multi Unit Residential Townhomes With A Total Of 29 Units In The Heart Of Elliot Lake. Excellent Location. Just Steps To The Hospital, Spruce Beach, Arena, Walking Trails And Downtown Core. Property Is Approximately 1.44 Acres In Size. 2 Separate Buildings Which Consist Of A Mix Of 14-2 Bedroom Townhomes And 15-3 Bedroom Townhomes Each Approx. 800 Square Feet. Tenants Pay Their Own Heat And Hydro Through Separate Metres.**** EXTRAS **** Units Which Become Vacant Are Now Being Re-Rented At $1000 Per Month Plus Heat And Hydro. Excellent Potential For Income Growth Long Term As Rents Are Rapidly Rising. High Demand In Elliot Lake With Extremely Low Vacancy Rates. (9119723)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
58 x 983 FT
Annual Property Taxes
$40,508.88
Time on REALTOR.ca
1394 days

Building

Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)

Measurements

Square Footage
62710 sqft
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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