45 Murray St - Apartments FOR SALE


Blind River, ON P0R 1B0
$4,100,000 CAD
249-507-7025
45 Murray St, Blind River, ON for Sale
$4,100,000 CAD
Apartments - FOR SALE
1/6
null | Request Cap Rate

45 Murray St
Blind River, ON P0R 1B0


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,100,000 CAD

PRICE/SF

$145 CAD /SF

# OF UNITS

27

PRICE/UNIT

$151,852

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Shore Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

RM3

APN/PARCEL ID

573800000204500

ASK ABOUT THIS PROPERTY

Drew ButkovichRe/Max Sault Ste. Marie Realty Inc.More Info
249-507-7025

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Drew ButkovichRe/Max Sault Ste. Marie Realty Inc.More Info
249-507-7025

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