495-497 Ferguson Avenue Haileybury, Ontario P0J 1K0
$4,965,000
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. (id:57975)
Property Details
| MLS® Number | 40572068 |
| Property Type | Multi-family |
| Amenities Near By | Shopping |
| Community Features | High Traffic Area |
| Features | Laundry- Coin Operated |
| Parking Space Total | 26 |
Building
| Bathroom Total | 26 |
| Bedrooms Total | 37 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 2015 |
| Construction Material | Wood Frame |
| Cooling Type | Wall Unit |
| Exterior Finish | Wood |
| Fire Protection | Unknown |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 2 |
| Size Interior | 24500 |
| Utility Water | Municipal Water |
Parking
| Visitor Parking |
Land
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 200 Ft |
| Size Frontage | 85 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R4-14, C1a |
https://www.realtor.ca/real-estate/26753655/495-497-ferguson-avenue-haileybury
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April 15 2024 08:01:45
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Alloway Property Group Ltd., Brokerage