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495-497 Ferguson Avenue Temiskaming Shores, Ontario P0J 1K0

21420 sqft
Partially Air Conditioned Hot Water Radiator Heat

$4,495,000

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:39551)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X8235446
Property Type Multi-family
Parking Space Total 26

Building

Cooling Type Partially Air Conditioned
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Size Interior 21420 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 200 Ft
Size Frontage 85 Ft
Size Irregular 85 X 200 Ft
Size Total Text 85 X 200 Ft
Zoning Description R4-14, C1a (multi-residential 26 Unit)

https://www.realtor.ca/real-estate/26753397/495-497-ferguson-avenue-temiskaming-shores

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