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$ 995,000
$ 995,000
Est. payment | /mo
$ 995,000
$ 995,000
Est. payment | /mo
Key Details
Sold Price $995,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Subdivision Haileybury
MLS Listing ID T11929952
Sold Date 05/16/25
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
Zoning R
Interior
Cooling Partial
Exterior
Parking Features Outside/Surface
Utilities Available Available
Building
Lot Description Lot
Lited by EXP REALTY
Chirag Vasani
Real Estate Salesperson | License ID: 5042141
+1(647) 564-2695 | chirag.vasani@theagencyre.com