12 & 14 George Walk, Elliot Lake, Ontario

$499,900

Attention: Investors and Entrepreneurs! Are you seeking a profitable investment or the ideal location to start your business while living on-site? This expansive commercial property (approx. 6,800 sq. ft. finished above grade) offers fantastic income potential. The building includes two commercial units on the main level—one with handicap/wheelchair access, along with four one-bedroom apartments on the upper floors. The basement provides additional storage space, which is currently rented. Numerous updates have been made over the past 5 years, including some electrical and plumbing improvements, a new hot water on-demand/boiler heating system with dual-zone control (2021), a new roof/membrane (2021), and renovated units! Located in a prime, high-traffic area of Elliot Lake, this property offers strong returns and lasting value. Whether you're an investor seeking passive income or an entrepreneur aiming to operate your business while living on-site, this is an opportunity you don't want to miss! Note: Apartment photos are for illustration purposes only, taken after renovations and prior to current or previous tenant occupancy. The actual appearance may vary due to tenant furnishings and belongings, the images help showcase some of the features and layout of the units. (id:56241)

Listing ID: 2120834
Property Type: Multi-family

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Details

Equipment: None
Ownership: Freehold
Rental Equipment: None
Storage: Storage in Basement
Transaction: For sale
Zoning Description: C1 - Commercial

Building

BasementType: Full, Partial
Cooling: None
Fireplace Present: False
Foundation: Block
Heating: Boiler
Roof: Unknown
Roof Material: Membrane
Utility Water: Municipal water

Land

Access Type: Year-round access
Sewer: Municipal sewage system

Listing provided by RE/MAX CROWN REALTY (1989) INC., BROKERAGE (ESPANOLA)
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 12 & 14 George Walk in Elliot Lake Ontario. It was last modified on February 19th, 2025. Contact us to schedule a viewing or to discover other Elliot Lake real estate for sale.

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