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$ 995,000
Est. payment /mo
Pending
255 Rorke AVE Temiskaming Shores, ON P0J 1K0
UPDATED:
02/19/2025 09:20 PM
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
Listed by EXP REALTY