ON > Wawa
Wawa, ON P0S 1K0,6 Algoma ST
Wawa, ON P0S 1K0,6 Algoma ST
Wawa, ON P0S 1K0,6 Algoma ST
Wawa, ON P0S 1K0,6 Algoma ST
Wawa, ON P0S 1K0,6 Algoma ST
Wawa, ON P0S 1K0,6 Algoma ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 1,999,000
Est. payment | /mo

17,200 SqFt

Save
$ 1,999,000
Est. payment | /mo
Save

17,200 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 17,200 sqft

Price per Sqft $116

MLS Listing ID X11883220

Annual Tax Amount $16,566

Tax Year 2024

Property Sub-Type Investment

Property 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. **EXTRAS** Upgraded units with new flooring, fixtures, and appliances. Shared areas: new carpets, painted corridors, and an updated mechanical room with a new hot water tank and pump. Fully-tenanted with strong income potential and upside on rents.

Location

Province ON

County Algoma

Area Algoma

Interior

Heating Yes

Cooling No

Exterior

Utilities Available Available

Lot Frontage 99.0

Lot Depth 72.0

Listed by ALLOWAY PROPERTY GROUP LTD.
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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6 Algoma ST

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