$995,000
( $67.18Per Sq Foot )
 $5,341 est/mo Sourced by Back At You

255 Rorke Avenue , Temiskaming Shores, ON P0J 1K0

Temiskaming Shores, ON P0J 1K0

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Description

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.

Details

MLS#T11929952
Listing TypeFor Sale
Sub-TypeResale
StatusSold Conditional
Days On Site28
Listing Provided ByEXP REALTY | Not Provided

Features

SQ Feet14,810
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 2 hours ago
StateON
CountyTimiskaming
CityTemiskaming Shores
Zip CodeP0J 1K0
AreaHaileybury
Listing VS Median (in P0J 1K0)
Price:
$995,000
low | high
Med:
$995,000
50% of Average
SqFt:
14,810
low | high
Med:
14,810
50% of Average
$ / SqFt:
$67
low | high
Med:
$67
50% of Average
On Site:
28
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: February 4, 2025 at 12:43:39 AM PST