45 Murray ST

$3,600,000

Blind River, Blind River, Ontario

  • 28,200 square feet
Commercial · Multi-familyType
1997Year built
Forced airHeating
339Days on market
$128 / sqftPrice / sqft

About this property

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:66327)

Property details

Interior

Living area
28,200 square feet
Storeys
3
Basement
None

Exterior & parking

Structure type
Multi-Family
Architectural style
[]
Lot size
1.37
Parking features
Gravel
View
View
Exterior features
Brick, Vinyl

Building & HOA

Year built
1997
Heating
Forced air

Financial & legal

List price
$3,600,000
Price / sqft
$128 / sqft
Annual taxes
$22,294
Status
Active
MLS® number
SM252787

Location

City
Blind River
Neighbourhood
Blind River
Province
Ontario
Postal code
P0R1B0

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).