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5A, 5B, 7 Margaret

5A, 5B, 7 Margaret

Mindemoya, Ontario

  • Multi-family
$3,375,000

Amazing Investment Opportunity in the town of Mindemoya on Manitoulin Island. Have you ever dreamed or wanted to be a Landlord or expanded your investment ownerships? Well this is an opportunity that cannot be missed. Located on Margaret Street in the town of Mindemoya are 3 separate apartment phases. Each Phase has 5 units. They were all built with quality workmanship, precision and attention to detail. Each unit has approximately 1175 square feet of cozy comfortable living space. These units all have 5 appliances, laminate engineered flooring, in-floor radiant heat, a patio with a privacy fence, single car garage, utility area and visitor parking. The buildings all have a metal roof and vinyl siding and make life easier being all on one level. They have competitive rental rates making this an ideal location for a transition into retirement living. There is a short walk or drive to the local grocery store, hospital, schools, pharmacy etc. Don't let this investment opportunity waste!

Price History

Schools

Elementary

  • Central Manitoulin Public School0.5 km

    Public · Rainbow DSB · 205 students

    Grade 3 reading: 72% met the provincial standard · Grade 6 math: 17% 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 P0P

Population
20,285
Private dwellings
12,782
Median age
50.8
Average household size
2.3
Median household income
$64,000

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.

Local market

Multi-family in Mindemoya · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of multi-family properties in Mindemoya over the last 12 months.

Walk Score

37

Walk

34

Bike

Scores by Walk Score®

Location

Street View

Mortgage Calculator

$675,000

Estimated Monthly Payment

$16,580

Land transfer tax

Estimated land transfer tax$70,850

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $16,580/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $844/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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