255 RORKE AVENUE

Temiskaming Shores (Haileybury), Ontario, P0J1K0, Canada

$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.

Last updated on : Friday 17th of January 2025 07:03:50 PM

ADDRESS

Street : 255 RORKE AVENUE

City : Temiskaming Shores (Haileybury)

Province : Ontario

Country : Canada

Postal Code : P0J1K0

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PROPERTY SUMMARY

Property ID : T11929952

Building Type : Multi-Family

Property Type : Multi-family

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