495-497 Ferguson Avenue, Temiskaming Shores | Image 1

495-497 Ferguson Avenue

Temiskaming Shores

  • Commercial

$4,495,000
For Sale

Added 7 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: R4-14, C1A (Mult

  • Age: No Data

  • Taxes: 21017.11

  • MLS®#: X8235446

  • Days on Site: 137 Days

  • Added: Apr 15, 2024 (7 months ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: ALLOWAY PROPERTY GROUP LTD.

Welcome to Renaissance Place, a premier multifamily investment opportunity nestled in the bustling community of Temiskaming Shores, just 5 hours north of Toronto. This modern complex, completed in 2015, boasts 26 meticulously crafted units designed to meet the needs of today's discerning tenants. With a solid 5.5% CAP Rate, Renaissance Place offers a lucrative investment proposition. The unit mix comprises 6 bachelor, 3 one-bedroom, and 17 two-bedroom apartments, catering to a diverse range of tenants. Each unit is equipped with high-end stainless steel appliances, ensuring both functionality and style. Security is paramount at Renaissance Place, with a state-of-the-art FOB entry system providing peace of mind for residents and investors alike. Energy efficiency is prioritized through the installation of high-efficient LED light fixtures and gas boilers, reducing operational costs and environmental impact. Convenience is key with on-site coin laundry rooms featuring change machines, offering residents hassle-free access to laundry facilities. The property is fully occupied, underscoring the high demand for tenancy in this vibrant community. Temiskaming Shores is renowned for its thriving industries in agriculture, forestry, and mining, ensuring a stable economic base and consistent demand for housing. With its prime location and upscale amenities, Renaissance Place presents a compelling opportunity for investors seeking long-term growth and attractive returns in the flourishing rental market of Temiskaming Shores.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Temiskaming Shores

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 26

Fees

  • Tax Year: 2023

  • Taxes: $21,017

  • Taxes Type: Annual

Land

  • Cross Street: Ferguson Ave & Broad

  • Municipality District: Temiskaming Shores

  • Lot Depth: 200 Feet

  • Lot Frontage: 85 Feet

  • Zoning: R4-14, C1A (Mult

Commercial Specific

  • Total Area: 21420

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 495-497 Ferguson Avenue, Temiskaming Shores
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