65 6th Ave

A premier 15 unit multifamily investment opportunity, nestled in the bustling community of Englehart, ON.

Welcome to the Red School Apartments in Englehart, ON, where historic charm meets modern living. This meticulously converted 15-unit building, once a bustling schoolhouse, is now a multifamily gem just 2 hours north of North Bay. It combines the allure of northern investment with attractive cap rates and the stability of multi-residential assets.

Englehart, known as “The Little Town With the Big Heart,” is a vibrant community rich in natural beauty and bustling with activities. Positioned halfway between Kirkland Lake and Temiskaming Shores, the building taps into a diverse workforce from mining, forestry, education, and business support services. This location not only assures steady demand but positions Red School Apartments as a central hub in a town celebrated for its welcoming atmosphere and progressive outlook.

The property boasts modern amenities including on-site coin laundry and full TV/internet capabilities, ensuring comfort and convenience. Each unit’s appeal is heightened by the town’s robust offerings like Kap-Kig-Iwan Provincial Park’s scenic trails and a range of local eateries and shops that cater to both families and outdoor enthusiasts.

Fully tenanted with a history of high demand upon vacancy, Red School Apartments offers investors a turn-key solution with promising returns. Embrace the opportunity to invest in a property that stands at the crossroads of heritage and modernity, in a town where every season brings its own charm and a community that supports and thrives together.

GALLERY

NORTHERN ONTARIO - A GOLDEN OPPORTUNITY

495-497 Ferguon Ave is Located in the town of Englehart, ON. This town is driving distance to both Kirkland Lake, ON and North Bay, ON.

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.

The Median income in Englehart is $61,327 and the median age is 51. (Source: Environ Analytics)