65 6th Ave
ENGLEHART, ON P0J 1H0
15 Unit multi-residential
10 x 2 bedroom
4 X 1 Bedroom
1 X Bachelor
Lot Area: 14,832.65 square feet
Property PIN: 61277-0541
ANnual Taxes: $14,774.72 (2021)
Market rents with room for growth
flexible management contract
less than 10 years old
fully tenanted with high occupancy demand
Welcome to The Red School Apartments!
This former schoolhouse in Englehart, ON has been completely brought back to shell and converted into a gorgeous 15-unit multi residential building. Located just 2 hours north of North Bay, this property provides the higher CAP rates of northern investment while offering the stability and flexibility associated with multi-residential assets.
The building features on-site coin laundry and modern services, including TV/Internet capability. High demand for mining, forestry, & production industry workers ensure full occupancy for times to come.
If you’ve been looking for a safe, stable, well-built investment, this one’s for you!
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.
Share of Labour Force by Occupation
Northern Ontario – A Golden Opportunity
Both these communities are undergoing continued mining expansion and demand for workers in mining, forestry, & support industries remains heavy, with multiple mining companies offering large signing bonuses to workers.
The Median income in Englehart is $61,327 and the median age is 51. (Source: Environ Analytics)
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