$995,000
Available - For Sale
Listing ID: T11929952
255 Rorke Ave , Temiskaming Shores, P0J 1K0, Ontario
| 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: | $14406.38 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 255 Rorke Ave , Temiskaming Shores, P0J 1K0, Ontario |
| Postal Code: | P0J 1K0 |
| Province/State: | Ontario |
| Lot Size: | 150.00 x 100.00 (Feet) |
| Directions/Cross Streets: | Rorke Ave / Little St |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 0.34 |
| Total Area Code: | Acres |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-7979
Fax:
905-458-1220
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At a Glance:
| Type: | Com - Investment |
| Area: | Timiskaming |
| Municipality: | Temiskaming Shores |
| Neighbourhood: | Haileybury |
| Lot Size: | 150.00 x 100.00(Feet) |
| Tax: | $14,406.38 |
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