44 Koval St - Apartments FOR SALE


Pickle Lake, ON P0V 3A0
$1,910,000 CAD
416-777-2200
44 Koval St, Pickle Lake, ON for Sale
$1,910,000 CAD
Apartments - FOR SALE
1/15
null | 7.11% Cap Rate

44 Koval St
Pickle Lake, ON P0V 3A0


OVERVIEW

44 Koval Street presents an opportunity to acquire a 23-unit multifamily property on a 2.84-acre site in Pickle Lake, Ontario. Featuring a balanced mix of 11 one-bedroom and 12 two-bedroom suites, the property serves a diverse tenant base in a market with limited rental housing supply. Generating a Year 1 NOI of $135,752, the asset offers stable cash flow and value-add potential through on-site laundry income, and storage conversion opportunities An existing storage unit may also be converted back into a rentable residential suite. Located in Ontario's northernmost road-accessible community, Pickle Lake serves as an important transportation and service hub for the surrounding region, supporting long-term rental demand and investment potential.

FOR SALE DETAILS

PRICE

$1,910,000 CAD

PRICE/SF

$83 CAD /SF

# OF UNITS

23

PRICE/UNIT

$83,043

CAP RATE

7.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1976

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris BertucciColliersMore Info
416-777-2200

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Chris BertucciColliersMore Info
416-777-2200

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