Multi-Family For Sale in Schreiber, ON

In Schrieber ON. 2 Hours East of Thunderbay

12-Plex Multifamily / Mixed-Use Redevelopment Opportunity in Schreiber, ON

• Building: 12-unit structure with redevelopment potential (residential above; ground-floor commercial/retail possible with proper zoning)
• Units: 12 total
• Lot Size: [insert lot size]
• Total Gross Floor Area: [insert total floor area] sq ft
• Zoning: [insert zoning type] (verify with Schreiber town planning)
• Year Built: [insert year]
• Construction: [insert construction type]
• Roof: [insert roof type/age]
• HVAC/Electrical/Plumbing: Electrical overhaul needed; four gutted units requiring mold remediation; balconies to be removed
• Parking: [insert number] spaces; street parking; potential loading/drive-by access
• Outdoor Space: [insert details: balcony removed, patio, yard, storage, etc.]
• Condition: Value-add handyman project with significant upside; sold as-is, where-is

Key Work Items (as disclosed)

• Balcony to be removed
• Four units gutted; mold remediation needed
• New electrical system required
• Additional potential repairs to common areas, roofing, plumbing, and finishes

Income & Cap Rate (illustrative; customize with actual numbers if you have them)

• Current Gross Income: [insert]peryear(dependingoncurrentleases;ifnone,indicate[insert]peryear(dependingoncurrentleases;ifnone,indicate0)
• Potential Gross Income (post-renovation): $[insert] per year
• Operating Expenses: $[insert] per year (est.)
• Net Operating Income (NOI): $[insert] per year
• Cap Rate: [insert]% (based on projected NOI)

Amenities & Highlights

• High-visibility highway frontage with potential for signage
• Proximity to Schreiber amenities, services, and transit
• Flexible redevelopm
• ent potential: rental stabilization, mixed-use conversion, or condo conversion (subject to zoning)
• Potential incentives or zoning relief opportunities; verify with local authorities

• Investment Summary

• Strong value-add opportunity in a highway-adjacent corridor
• Redevelopment potential for rental stabilization, mixed-use, or condo conversion (subject to zoning)
• Upside from unit renovations and improved curb appeal

• Nearby Benefits

• Schools, shopping, parks, and amenities within a short drive
• Easy access to major routes

• Disclosure

• Property being sold as-is, where-is. Buyer to verify zoning, permits, and feasibility for intended use. All information believed accurate but not guaranteed.

• Broker Remarks

• Serious inquiries only. Please contact [Broker Name/Agency] at [Phone] or [Email] to schedule viewing and obtain due diligence materials (survey, title, rent roll, existing leases, expense statements).

• Disclaimer

• All data to be verified by buyer; agents to confirm current zoning and permitted uses with Schreiber planning department.