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Espanola, Ontario
Multi-family
Excellent opportunity to own a 13-unit multi-residential property in a convenient Espanola location. This building features a desirable unit mix including 5 bachelor units, 7 one-bedroom units, and 1 two-bedroom unit, offering strong rental appeal for a variety of tenants. Situated on an oversized lot, the property provides ample space and future potential for improvements or added value. With its great location close to local amenities, shopping, and services, this property is well positioned for investors looking to expand their portfolio. With significant upside potential, this multi-unit building is ideal for investors seeking a value-add opportunity in a growing Northern Ontario community.
Price History
Schools
Secondary
- Espanola High School0.2 km
Public · Rainbow DSB · 505 students
Grade 10 literacy: 75% met the provincial standard
- École secondaire catholique La Renaissance0.3 km
French Catholic · CSDC du Nouvel-Ontario
Grade 10 literacy: 81% met the provincial standard
Elementary
- École élémentaire catholique La Renaissance0.3 km
French Catholic · CSDC du Nouvel-Ontario · 185 students
Grade 3 reading: 14% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Sacred Heart Catholic School0.3 km
Catholic · Huron-Superior CDSB · 255 students
Grade 3 reading: 59% met the provincial standard · Grade 6 math: 30% met the provincial standard
- A B Ellis Public School1.5 km
Public · Rainbow DSB · 260 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 46% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P5E
- Population
- 5,427
- Private dwellings
- 2,704
- Median age
- 49.2
- Average household size
- 2.2
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Location
Mortgage Calculator
$118,980
Estimated Monthly Payment
$2,923
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,923/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $149/mo
Estimates only. Consult a financial advisor.