6 Algoma Street , Wawa, ON P0S 1K0
Wawa, ON P0S 1K0
Description
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.
Details
| MLS# | X11883220 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 51 |
| Listing Provided By | ALLOWAY PROPERTY GROUP LTD. | Not Provided |
Features
| SQ Feet | 17,200 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Algoma |
| City | Wawa |
| Zip Code | P0S 1K0 |
| Listing VS Median (in P0S 1K0) | |
Price: $1,999,000 low | high Med: $1,999,000 SqFt: 17,200 low | high Med: 17,200 $ / SqFt: $116 low | high Med: $116 On Site: 51 low | high Med: 51.000000 | |
