255 Rorke Avenue, Temiskaming Shores | Image 1

255 Rorke Avenue

Temiskaming Shores, Haileybury

  • Commercial

$995,000
For Sale

Added 5 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R

  • Age: No Data

  • Taxes: 14406.38

  • MLS®#: T11929952

  • Days on Site: 1 Days

  • Added: Jan 16, 2025 (5 days ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Temiskaming Shores

  • Community: Haileybury

  • Availability Date: TBD

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Taxes: $14,406

  • Taxes Type: Annual

Land

  • Cross Street: Rorke Ave / Little S

  • Municipality District: Temiskaming Shores

  • Parcel Number: 613520133

  • Lot Depth: 100 Feet

  • Lot Frontage: 150 Feet

  • Zoning: R

Commercial Specific

  • Total Area: 0.34

  • Total Area Metric: Acres

  • Lot Code: Lot

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Map of 255 Rorke Avenue, Temiskaming Shores
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620 Lakeshore Road, Temiskaming Shores | MLS: X9352639
For Sale
4 months ago
$775,000
  • 0 bath
  • 0 bed

620 Lakeshore Road, Temiskaming Shores, Ontario • P0J 1K0 • Temiskaming Shores

255 Rorke Avenue, Temiskaming Shores | MLS: T11929940
For Sale
5 days ago
$995,000
  • 0 bath
  • 0 bed

255 Rorke Avenue, Temiskaming Shores, Ontario • P0J 1K0 • Haileybury