255 Rorke Avenue Temiskaming Shores, Ontario P0J 1K0
$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:61015)
Property Details
| MLS® Number | T11929940 |
| Property Type | Multi-family |
| Community Name | Haileybury |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 0.34 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 100 Ft |
| Size Frontage | 150 Ft |
| Size Irregular | 150 X 100 Ft |
| Size Total Text | 150 X 100 Ft |
| Zoning Description | R |
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January 17 2025 11:51:10
Ottawa Real Estate Board
Exp Realty