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North Shore Living 45 Murray St 27 Unit Apartment Building $2,793,856 USD ($103,476 USD/Unit) Blind River, ON P0R 1B0

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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
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 - -
  • Listing ID: 37916741

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 45 Murray St, Blind River, ON P0R 1B0

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