6 Algoma Street
Wawa, ON P0S 1K0
$1,895,000
INVESTMENT HIGHLIGHTS
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.
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.
Financials
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