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.
MLS# | T11929952 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Sold Conditional |
Days On Site | 28 |
Listing Provided By | EXP REALTY | Not Provided |
SQ Feet | 14,810 |
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State | ON |
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County | Timiskaming |
City | Temiskaming Shores |
Zip Code | P0J 1K0 |
Area | Haileybury |
Listing VS Median (in P0J 1K0) | |
Price: $995,000 low | high Med: $995,000 SqFt: 14,810 low | high Med: 14,810 $ / SqFt: $67 low | high Med: $67 On Site: 28 low | high Med: 28.000000 |