Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
Temiskaming Shores, ON P0J 1K0,255 Rorke AVE
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$995,000

$995,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/16/2025

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

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Lited by EXP REALTY
agent
Chirag Vasani

Real Estate Salesperson | License ID: 5042141

+1(647) 564-2695 | chirag.vasani@theagencyre.com

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