255 Rorke AVE Pending Save Request In-Person Tour Request Virtual Tour
Temiskaming Shores,ON P0J 1K0
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Subdivision Haileybury
MLS Listing ID T11929952
Annual Tax Amount $14,406
Tax Year 2024
Property Sub-Type Investment
Property 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.
Location
Province ON
County Timiskaming
Community Haileybury
Area Timiskaming
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 150.0
Lot Depth 100.0