12 & 14 George Walk Elliot Lake, Ontario P5A 2A4
$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, currently vacant—along with four one-bedroom apartments on the upper floors. The basement provides additional storage space, which is also 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:47351)
Property Details
| MLS® Number | 2120834 |
| Property Type | Multi-family |
| Equipment Type | None |
| Rental Equipment Type | None |
| Storage Type | Storage In Basement |
Building
| Basement Type | Full, Partial |
| Cooling Type | None |
| Foundation Type | Block |
| Heating Type | Boiler |
| Roof Material | Membrane |
| Roof Style | Unknown |
| Utility Water | Municipal Water |
Parking
| Other |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1 - Commercial |
https://www.realtor.ca/real-estate/27929275/12-14-george-walk-elliot-lake
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March 09 2025 03:44:05
Sudbury Real Estate Board
RE/MAX Crown Realty (1989) Inc., Brokerage (Espanola)