6 Algoma Street
Wawa, ON P0S 1K0
18 Unit multi-residential
17 x 2 bedroom
1 X 1 Bedroom
Lot Area: 7,244 square feet
Property PIN: 31169-0353
ANnual Taxes: $15,530 (2021)
Significant Potential For Turnover and increased rents
flexible management contract
High-Quality tenants with no deliquency
fully tenanted with high occupancy demand
Incredible investment opportunity in Wawa, ON. Multiplex with 18 units and 17,200 sqft across three floors (17 x 2-bedroom and 1 x 1-bedroom). Located steps from Wawa Lake and the hospital. Coin laundry on-site. Well maintained. Electric baseboard heating. Separate meters, tenants pay own hydro. Plugs for each parking spot.
Mortgage financing available on terms. Wawa experiencing exponential economic boom.
Projected valuation of property with rents based on current market rate is estimated to be $1.895 M at 10.29% Cap.
The Company announced that its Temiskaming Testing Labs (TTL) in the town of Cobalt is fully operational and ready for processing mineralized material into silver dore bars in its 20,000 s.f. facility
It is a $4.58 million project between Agnico Eagle Mines Limited, which has two gold mines in northern Ontario, and Northern College’s training division is being funded through Ontario’s Skills Development Fund.
The forestry company has been working with IVEY Group, a Sudbury international recruitment and consulting firm, to recruit and retain workers in northern communities.
The partnership has been ongoing for several years, according to Jean Brodeur, EACOM’s director of communications and government relations.
The announcement is a more formal announcement based on what was included in the Ontario budget released in March, which included $5 million for planning and design work to bring passenger rail back in service.
Northern Ontario – A Golden Opportunity
6 Algoma Street is located in the town of Wawa, ON. This town is considered the heart of the mining and forestry businesses of northern Ontario.
Both these communities are undergoing continued expansion and demand for workers in mining, forestry, & support industries remains heavy, with multiple mining companies offering large signing bonuses to workers.
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