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495-497 Ferguson Avenue Haileybury, Ontario P0J 1K0

37 Bedroom 26 Bathroom 24500 sqft
Wall Unit Baseboard Heaters, Radiant Heat

$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:51398)

Property Details

MLS® Number 40572068
Property Type Multi-family
Community Name Haileybury
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 Sqft
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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