45 Murray ST
Blind River, Ontario
- Multi-family
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.
Price History
Property
- Lot Size
- 1.37 acres
Schools
Elementary
- École élémentaire Saint-Joseph0.3 km
French Catholic · CSDC du Nouvel-Ontario · 165 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 21% met the provincial standard
- Blind River Public School0.7 km
Public · Algoma DSB · 195 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 41% met the provincial standard
- St Mary's Catholic School0.9 km
Catholic · Huron-Superior CDSB · 160 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 24% met the provincial standard
Secondary
- W C Eaket Secondary School0.4 km
Public · Algoma DSB · 145 students
Grade 10 literacy: 62% met the provincial standard
- École secondaire catholique Jeunesse-Nord1.3 km
French Catholic · CSDC du Nouvel-Ontario · 55 students
Grade 10 literacy: 93% 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 P0R
- Population
- 12,976
- Private dwellings
- 8,224
- Median age
- 54.8
- Average household size
- 2.2
- Median household income
- $68,500
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.
Walk Score
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Location
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Mortgage Calculator
$720,000
Estimated Monthly Payment
$17,686
Land transfer tax
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
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Mortgage: $17,686/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $900/mo
Estimates only. Consult a financial advisor.
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