Heating
Electric baseboards (convection) (Electric)
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 investment 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 • 24 hours' notice required for all showings A turnkey, high-performing investment property offering strong returns and long-term stability. Monthly Income $8180.50 Monthly Expenses $1545.30 Net Monthly Income $6635.20
