255 Rorke Av - Apartments FOR SALE


Temiskaming Shores, ON P0J 1K0
$995,000 CAD
866-530-7737

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$995,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

255 Rorke Av
Temiskaming Shores, ON P0J 1K0


HIGHLIGHTS

  • Recent Upgrades
  • Situated on a spacious lot
  • Ample Parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 CAD

PRICE/SF

$366 CAD /SF

# OF UNITS

11

PRICE/UNIT

$90,455

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,362 SF

ZONING

R

APN/PARCEL ID

541803000507800

ASK ABOUT THIS PROPERTY

Andrew OdoardieXp RealtyMore Info
866-530-7737

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Andrew OdoardieXp RealtyMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.