449 Mead Blvd - Apartments FOR SALE


Espanola, ON P5E 1M2
$499,990 CAD
705-673-3000
449 Mead Blvd, Espanola, ON for Sale
$499,990 CAD
Apartments - FOR SALE
1/22
null | Request Cap Rate

449 Mead Blvd
Espanola, ON P5E 1M2


HIGHLIGHTS

  • C-3 Special zoning allows up to eight residential units and diverse commercial uses.
  • Existing layout includes eight residential units, a commercial storefront, and a rear workshop with overhead door.
  • Delivered vacant at closing, enabling immediate redevelopment or occupancy.
  • Located in a community with access to schools, parks, and recreational amenities within walking distance.
  • Municipal water and sewer services in place for operational convenience.
  • On-site parking available for tenants or customers.

OVERVIEW

449 Mead Boulevard offers a rare investment opportunity with exceptional zoning flexibility and redevelopment potential. Featuring C-3 Special zoning, the site permits up to eight residential units in addition to a broad range of commercial uses, making it highly adaptable for various business or mixed-use strategies. The current configuration includes eight residential units, a commercial storefront, and a custom workshop with an overhead door, providing multiple income streams or conversion options. The property will be delivered vacant upon closing, offering a clean slate for investors or owner-users to implement their vision without the constraints of existing tenancies. Located in Espanola, a growing community with strong connectivity to regional amenities, this asset is well-positioned for long-term value creation. Whether your goal is to redevelop, reposition, or operate as-is, this property presents significant upside for the right buyer.

FOR SALE DETAILS

PRICE

$499,990 CAD

PRICE/SF

$38 CAD /SF

# OF UNITS

8

PRICE/UNIT

$62,499

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Justin MuzzattiMallette Goring Inc.More Info
705-673-3000

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Justin MuzzattiMallette Goring Inc.More Info
705-673-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.