Skip to main content
Sell Your Home
Shortlisted Properties
  • New Homes
  • For Sale
  • For Rent
Danger! Indicates a dangerous or potentially negative action.
Error

Maximum 4 project can be compared at one go.

Last Updated : 294 Days ago
6 Algoma St, Wawa, Ontario,

6 Algoma St, Wawa MLS Number: X11883220

Wawa, Algoma, ON, P0S 1K0

$1,999,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $16566.14 (Tax Year:2024)
  • Listing Courtesy : Alloway Property Group Ltd.

6 Algoma St Property Description

Attention Investors! Discover a lucrative multi-family investment opportunity at 6 Algoma Street, Wawa, ON. This well-maintained, fully-tenanted 18-unit property (17 x 2-bedroom, 1 x 1-bedroom) offers significant upside potential with a current 5.98% CAP rate and projected rent increases. Situated on picturesque Wawa Lake, this property benefits from its strategic location at the heart of Northern Ontario's booming mining and forestry industries. Known as a regional hub, Wawa attracts steady economic growth and a vibrant tenant base. Recent upgrades include new flooring, fixtures, and appliances across multiple units, ensuring low maintenance and tenant satisfaction. Shared amenities include updated laundry facilities with new commercial dryers, modernized corridors, and a freshly painted mechanical room featuring a new hot water tank and circulating pump. The property enjoys stable income with room to optimize NOI by leveraging the strong demand for housing in the area. Wawa, with its rich natural resources and infrastructure development, offers a sustainable investment landscape, combining regional economic growth with competitive property appreciation potential. Take advantage of this rare opportunity to achieve excellent cash flow and long-term equity growth. **EXTRAS** Upgraded units with new flooring, fixtures, and appliances. Shared areas: new carpets, painted corridors, and an updated mechanical room with a new hot water tank and pump. Fully-tenanted with strong income potential and upside on rents.

Read More

6 Algoma St Property Facts

Property Type :Commercial
MLS Number :X11883220
Listing Type :Sale
Possession Date :
know more link icon
Last Updated :14 Feb, 2025 (294 Days ago)
Source :TRREB
Area :Algoma
Postal Code : P0S 1K0

6 Algoma St Property Price & Tax Insights

Price : $1,999,000
Property Taxes :$16566.14
Tax Year :2024

6 Algoma St, Wawa Property Details

Cross Street :Algoma St & Mckinley Ave

6 Algoma St, Wawa - Price History

2024-12

05 Dec, 2024

TREB #X11883220

Available

$1999000.0

property sold history blur background
View More

Sign in to view full price history of this property

6 Algoma St - Location Map and Landmarks

Recently Viewed
Related to your search
Top Communities in Algoma view more

Tell us a Little about yourself!