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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
UPDATED:
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