Welcome to this incredible investment opportunity in Marathon, ON! This 8-plex property has been well maintained and boasts renovated units with new electrical and plumbing. Basement can easily be renovated to add 4 more units. With only one vacancy in over 6 years, this property offers a significant and stable income potential. Many of the units offer stunning views of Lake Superior. In a town facing a housing shortage due to an influx of new industry, this property is perfectly positioned to capitalize on high demand for quality rental units. Three mines within one-hour of Marathon include Barrick Gold (Hemlo), Harte Gold, and Alamos Gold, all contribute to above-average salaries. White River Forest Products is only an hour east of Marathon. All of these industries provide excellent housing income potential. Don't miss your chance to own this profitable piece of real estate in Marathon - schedule your showing today! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Communication Type
High Speed Internet
Community Features
Bus Route
Listing Contract Date
2025-02-04
Municipal ID
624481710 & 624481352
Property Type
Multi-family
Transaction Type
For sale
Views
View
Building
Age
over 26 years
Amenities
Laundry Facility
Appliances
Alarm System
Basement Type
Full
Exterior Finish
Siding
Foundation Type
Concrete Perimeter
Heating Type
Baseboard heaters
Stories Total
2
Type
Multi-Family
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Gravel
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
149.9 x IRR | under 1/2 acre
Access Type
Road access
Sewer
Municipal sewage system
Size of Irregular Land
149.9 x IRR
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