Log In/Sign Up
Your email has been sent.
North Shore Living 45 Murray St 27 Unit Apartment Building $2,793,856 USD ($103,476 USD/Unit) Blind River, ON P0R 1B0



EXECUTIVE SUMMARY
This well-maintained 26-unit apartment complex features 20 spacious two-bedroom suites and 6 one-bedroom suites, originally designed with seniors in mind and offering generous layouts. Each above-grade unit includes a private balcony, with south-facing suites enjoying beautiful views of Lake Huron sunsets. A common room is available for tenant gatherings and special occasions, enhancing the sense of community. The property boasts an excellent rental history with a waiting list. Conveniently located in Blind River, midway between Sault Ste. Marie and Sudbury along the Trans-Canada Highway. The building is within walking distance to grocery stores and the business district. Adding further value, the property includes a detached three-bedroom rental home and a paved parking lot. Carefully maintained by the same owner since construction, this asset is in excellent condition. The complex presents an exceptional investment opportunity, combining a strong tenant base, reliable income, and clear potential for rental growth in a sought-after Northern Ontario market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$236,767
|
$8.40
|
| Other Income |
$4,540
|
$0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$241,307
|
$8.56
|
| Taxes |
$16,422
|
$0.58
|
| Operating Expenses |
$57,041
|
$2.02
|
| Total Expenses |
$73,463
|
$2.61
|
| Net Operating Income |
$167,843
|
$5.95
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $236,767 |
| Annual Per SF | $8.40 |
| Other Income (USD) | |
|---|---|
| Annual | $4,540 |
| Annual Per SF | $0.16 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $241,307 |
| Annual Per SF | $8.56 |
| Taxes (USD) | |
|---|---|
| Annual | $16,422 |
| Annual Per SF | $0.58 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $57,041 |
| Annual Per SF | $2.02 |
| Total Expenses (USD) | |
|---|---|
| Annual | $73,463 |
| Annual Per SF | $2.61 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $167,843 |
| Annual Per SF | $5.95 |
PROPERTY FACTS
| Price | $2,793,856 USD | Building Class | C |
| Price Per Unit | $103,476 USD | Lot Size | 1.37 AC |
| Sale Type | Investment | Building Size | 28,200 SF |
| No. Units | 27 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Low-Rise | ||
| Zoning | RM3 | ||
| Price | $2,793,856 USD |
| Price Per Unit | $103,476 USD |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 28,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1996 |
| Zoning | RM3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Elevator
- Lounge
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 20 | - | - |
| 3+1 | 1 | - | - |
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
North Shore Living | 45 Murray St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

