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255 Rorke Avenue Temiskaming Shores, Ontario P0J 1K0

0.34 ac
Partially Air Conditioned Forced Air

$995,000

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. (id:59524)

Property Details

MLS® Number T11929940
Property Type Multi-family
Community Name Haileybury

Building

CoolingType Partially Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 0.34 Ac
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 100 Ft
SizeFrontage 150 Ft
SizeIrregular 150 X 100 Ft
SizeTotalText 150 X 100 Ft
ZoningDescription R

https://www.realtor.ca/real-estate/27817190/255-rorke-avenue-temiskaming-shores-haileybury-haileybury

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