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Listed by JONATHAN DAVID PG DIRECT REALTY LTD. BROKERAGE
$799,000
Est. payment /mo
Active
296 Secord ST Espanola, ON P5E 1G9
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Key Details
Property Type Multi-Family
Sub Type 5 - 8 Unit
Listing Status Active
Purchase Type For Sale
Subdivision Espanola Es87
MLS Listing ID 2128513
Available Date 2026-06-11
Property Sub-Type 5 - 8 Unit
Property Description
Visit REALTOR® website for additional information. Rare opportunity to own a legal sixplex in the quiet and growing community of Espanola, Ontario, offering strong cash flow and an attractive cap rate approaching 10%. This income-producing property is fully rented with long-term, quiet, and clean tenants, making it an ideal addition to any
investment portfolio. The building features five one-bedroom units and one spacious four-bedroom unit, providing a desirable mix of rental accommodations. Additional income and storage opportunities are enhanced by the inclusion of a garage, workshop, and storage areas.Extensively maintained and upgraded, the property has benefited from numerous improvements, including roof, windows, and eavestroughs, helping to minimize future capital expenditures. A significant advantage for investors is that all tenants pay their own hydro, with the exception of Unit 6, which is rented on
an all-inclusive basis. The property is zoned residential and qualifies for residential mortgage financing, creating attractive financing options that are often unavailable with larger multi-residential properties.Consistently rented and professionally maintained, this is a true turnkey nvestment offering immediate cash flow from day one.
PROPERTY HIGHLIGHTS
" Legal sixplex
" Five 1-bedroom units
" One large 4-bedroom unit
" Residential zoning
" Qualifies for residential mortgage financing
" Cap rate approaching 10%
" Garage, workshop, and storage space
" Many upgrades including roof, windows, and eavestroughs
" Mostly separate hydro meters; tenants pay their own hydro (except Unit 6)
" Fully rented with quiet, reliable tenants
" Located in the peaceful Northern Ontario community of Espanola
investment portfolio. The building features five one-bedroom units and one spacious four-bedroom unit, providing a desirable mix of rental accommodations. Additional income and storage opportunities are enhanced by the inclusion of a garage, workshop, and storage areas.Extensively maintained and upgraded, the property has benefited from numerous improvements, including roof, windows, and eavestroughs, helping to minimize future capital expenditures. A significant advantage for investors is that all tenants pay their own hydro, with the exception of Unit 6, which is rented on
an all-inclusive basis. The property is zoned residential and qualifies for residential mortgage financing, creating attractive financing options that are often unavailable with larger multi-residential properties.Consistently rented and professionally maintained, this is a true turnkey nvestment offering immediate cash flow from day one.
PROPERTY HIGHLIGHTS
" Legal sixplex
" Five 1-bedroom units
" One large 4-bedroom unit
" Residential zoning
" Qualifies for residential mortgage financing
" Cap rate approaching 10%
" Garage, workshop, and storage space
" Many upgrades including roof, windows, and eavestroughs
" Mostly separate hydro meters; tenants pay their own hydro (except Unit 6)
" Fully rented with quiet, reliable tenants
" Located in the peaceful Northern Ontario community of Espanola
Location
Province ON
Rooms
Basement Full
Interior
Heating Baseboard
Cooling None
Exterior
Parking Features Attached Garage, Gravel
Others
Senior Community Unknown
Nearby Locations
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