$549,900

Investment For Sale In Temiskaming Shores (New Liskeard), Ontario

$549,900

Property Information:

Legal and conforming triplex offering an excellent investment opportunity in a desirable New Liskeard location. Current rental income is $2,950/month from two occupied units, with the vacant lower-level apartment providing immediate rental potential estimated at approximately $1,100/month, for a total potential gross income of approximately $4,050/month ($48,600 annually). Main floor 2-bedroom apartment rents for $1,450/month all inclusive. Upper 3-bedroom apartment rents for $1,500/month all inclusive. Owner pays all utilities. 2025 expenses: Taxes $5,880, Insurance $2,200, Hydro $1,800, Gas $1,960, Reliance $350, Snow Removal $800. Recent improvements include new flooring in Apartments #2 and #3 (approximately $14,000) and washer/dryer hookups in Apartments #1 and #3. Existing tenants are on one-year leases. Basement apartment is vacant, offering immediate occupancy for an owner or the opportunity to establish current market rent. Please allow sufficient notice for tenant-occupied units. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Type: N/A
  • Exterior Finish: Asbestos, Wood
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 3
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 132 Feet
  • Lot Frontage: 33 Feet
  • Lot Size: 33 x 132 FT
  • Utility Type: Cable - Available, Hydro - Installed, Sewer - Installed
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 3

Courtesy of: CENTURY 21 TEMISKAMING PLUS BROKERAGE

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • Additional room for basement apartment -