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6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa
  • 6 ALGOMA STREET Wawa

6 ALGOMA STREET, Wawa, Ontario

$1,999,000

  • 17,200 Square Feet

Attention Investors! Discover a lucrative multi-family investment opportunity at 6 Algoma Street, Wawa, ON. This well-maintained, fully-tenanted 18-unit property (17 x 2-bedroom, 1 x 1-bedroom) offers significant upside potential with a current 5.98% CAP rate and projected rent increases. Situated on picturesque Wawa Lake, this property benefits from its strategic location at the heart of Northern Ontario's booming mining and forestry industries. Known as a regional hub, Wawa attracts steady economic growth and a vibrant tenant base. Recent upgrades include new flooring, fixtures, and appliances across multiple units, ensuring low maintenance and tenant satisfaction. Shared amenities include updated laundry facilities with new commercial dryers, modernized corridors, and a freshly painted mechanical room featuring a new hot water tank and circulating pump. The property enjoys stable income with room to optimize NOI by leveraging the strong demand for housing in the area. Wawa, with its rich natural resources and infrastructure development, offers a sustainable investment landscape, combining regional economic growth with competitive property appreciation potential. Take advantage of this rare opportunity to achieve excellent cash flow and long-term equity growth. (id:23309)

  • Listing ID: X11883220
  • Property Type: Multi-family
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Details

  • Transaction: For sale
  • Zoning Description: Ra*3

Building

  • Fireplace Present: False
  • Heating: Baseboard heaters
  • Size Interior: 17200 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 99 ft
  • Size Irregular: 99 x 72 FT
MLS®

Listing provided by ALLOWAY PROPERTY GROUP LTD.
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 6 ALGOMA STREET in Wawa Ontario. It was last modified on December 5th, 2024. Contact Brad Sauve to schedule a viewing or to discover other Wawa real estate for sale.

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