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.