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449 Mead Blvd 8 Unit Apartment Building $499,990 CAD ($62,499 CAD/Unit) Espanola, ON P5E 1M2
Investment Highlights
- C-3 Special zoning allows up to eight residential units and diverse commercial uses.
- Delivered vacant at closing, enabling immediate redevelopment or occupancy.
- Municipal water and sewer services in place for operational convenience.
- Existing layout includes eight residential units, a commercial storefront, and a rear workshop with overhead door.
- Located in a community with access to schools, parks, and recreational amenities within walking distance.
- On-site parking available for tenants or customers.
Executive Summary
449 Mead Boulevard offers a rare investment opportunity with exceptional zoning flexibility and redevelopment potential. Featuring C-3 Special zoning, the site permits up to eight residential units in addition to a broad range of commercial uses, making it highly adaptable for various business or mixed-use strategies. The current configuration includes eight residential units, a commercial storefront, and a custom workshop with an overhead door, providing multiple income streams or conversion options.
The property will be delivered vacant upon closing, offering a clean slate for investors or owner-users to implement their vision without the constraints of existing tenancies. Located in Espanola, a growing community with strong connectivity to regional amenities, this asset is well-positioned for long-term value creation. Whether your goal is to redevelop, reposition, or operate as-is, this property presents significant upside for the right buyer.
The property will be delivered vacant upon closing, offering a clean slate for investors or owner-users to implement their vision without the constraints of existing tenancies. Located in Espanola, a growing community with strong connectivity to regional amenities, this asset is well-positioned for long-term value creation. Whether your goal is to redevelop, reposition, or operate as-is, this property presents significant upside for the right buyer.
Property Facts
| Price | $499,990 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $62,499 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Sale Condition | High Vacancy Property | Building Size | 13,000 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | ||
| Zoning | C-3 - Permits up to 8 residential units and various commercial uses | ||
| Price | $499,990 CAD |
| Price Per Unit | $62,499 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 13,000 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | C-3 - Permits up to 8 residential units and various commercial uses |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- On-Site Retail
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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449 Mead Blvd
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