Discover a fantastic investment in a high-demand rental market! This fully occupied 6-unit property is centrally located downtown, ensuring constant tenant interest. The property includes four 1-bedroom units and two 2-bedroom units, with a strong net operating income exceeding $70, 000 annually. Each unit is separately metered, with tenants paying their own hydro while the landlord covers garbage & water/sewer cost, keeping costs manageable. Extensive renovations and updates in 2018 and 2019 make this property especially appealing and low-maintenance. Renovations include stripping down to studs, doubling the footprint of the building, a new roof, siding, spray-foam insulation, HVAC, electrical, windows, flooring, bathrooms, doors, drywall/paint, and updated appliances throughout. Each unit also received a new hot water tank in 2018, reducing operational upkeep and enhancing tenant satisfaction. While on-site laundry is not yet available, the plumbing for a shared laundry area is already in place, allowing a straightforward future upgrade to add further convenience for tenants. Tenants enjoy a designated parking lot at the rear of the building, while additional street parking is available out front for guests. The central downtown location puts this property within close reach of shops, dining, public transit, and other local amenities, making it especially attractive to renters seeking easy accessibility. The combination of one-bedroom and two-bedroom layouts appeals to a range of tenants, ensuring high occupancy rates and a steady revenue stream. With its prime location, recent updates, and strong financial performance, this property is an excellent choice for investors seeking a turnkey income-generating asset. The consistent rental demand, modernized features, and individual tenant utility meters make this property both efficient and profitable, ready to provide reliable returns for years to come. (id:55598)
- MLS® TB243506
- Date Listed11/13/2024
- Days on Realty 3 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Public Sewer
- Subdivision Sioux Lookout
- Property Type Multi Family
- Year Built 1935
- Water Public
- Square Feet 3,850 sq. ft
- Price Per Sq. Ft $207.54
Interior Features
- Heating Baseboard Heaters, Forced Air
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
58/100
Somewhat Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
48/100
Bikable
Bike Score ®
Overview
Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 0/100, Bike Score: 25/100.
Points of interest near 26 Front ST, Sioux Lookout, ON P8T1B3
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Frequently Asked Questions for 26 Front ST
Source: Realty.com
26 Front ST, Sioux Lookout, ON P8T1B3 is a Multi Family, Residential Income property listed for $799,000 The property is 3850 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 8 photos of 26 Front ST.
Our records indicate that 26 Front ST was built in 1935.
The full address for this home is 26 Front ST, Sioux Lookout, ON P8T1B3.
26 Front ST has been listed on Realty.com since Wed November 13, 2024
Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 0/100, Bike Score: 25/100.
Listing provided courtesy of:
CENTURY 21 NORTHERN CHOICE REALTY LTD.
(tel: (807) 468-3747)
Listing agent:
STACEY GEORGE
(tel: (807) 216-7950)
This content last refreshed on 2024-11-16 09:34:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 26 Front ST, Sioux Lookout, ON P8T1B3 : MLS® TB243506