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$995,000
Available - For Sale
Listing ID: T11929952
This 11-unit property offers a rare chance to invest in a high-demand rental market benefiting from strong tenant interest and consistent occupancy. The unit mix consists of a three-bedroom unit, a cozy one-bedroom unit, and nine spacious two-bedroom units, all conveniently accessible through the shared common areas. All units have their own hydro meter, with nine units currently paying their own hydro. Heat is ran through a baseboard electric system limiting expenses for the landlord. Water and Sewer are municipal and paid by the Landlord. Recent updates enhance its appeal and operational efficiency, while a notable gap to market rents provides significant value-add potential. Situated on a spacious lot with a large parking area in the front, the property presents opportunities for future development or additional amenities. This well-positioned asset combines immediate income stability with long-term growth potential in a growing northern community.
Price $995,000
Taxes: $14,406.38
Tax Type: Annual
Occupancy by: Tenant
Address: 255 Rorke Ave , Temiskaming Shores, P0J 1K0, Ontario
Postal Code: P0J 1K0
Province/State: Ontario
Lot Size: 150 x 100 (Feet)
Directions/Cross Streets: Rorke Ave / Little St
Zoning: R
Category: Apartment
Building Percentage: Y
Total Area: .34
Total Area Code:  Acres
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Part
Water: Municipal
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EXP REALTY

255 Rorke Ave , Temiskaming Shores, P0J 1K0, Ontario


 
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Type: Com - Investment
Area: Timiskaming
Municipality: Temiskaming Shores
Neighbourhood: Haileybury
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Lot Size: 150.00 x 100.00(Feet)
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Tax: $14,406.38
Maintenance Fee: $0
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