222 WHITEWOOD AVENUE, Temiskaming Shores, Ontario P0J 1P0
$495,000.00
- 5 bedrooms
- 3 bathrooms
Legal and conforming triplex offering an excellent investment opportunity in a desirable New Liskeard location. Current rental income is $2,950/month from two occupied units, with the vacant lower-level apartment providing immediate rental potential estimated at approximately $1,100/month, for a total potential gross income of approximately $4,050/month ($48,600 annually). Main floor 2-bedroom apartment rents for $1,450/month all inclusive. Upper 3-bedroom apartment rents for $1,500/month all inclusive. Owner pays all utilities. 2025 expenses: Taxes $5,880, Insurance $2,200, Hydro $1,800, Gas $1,960, Reliance $350, Snow Removal $800. Recent ... read more
Legal and conforming triplex offering an excellent investment opportunity in a desirable New Liskeard location. Current rental income is $2,950/month from two occupied units, with the vacant lower-level apartment providing immediate rental potential estimated at approximately $1,100/month, for a total potential gross income of approximately $4,050/month ($48,600 annually). Main floor 2-bedroom apartment rents for $1,450/month all inclusive. Upper 3-bedroom apartment rents for $1,500/month all inclusive. Owner pays all utilities. 2025 expenses: Taxes $5,880, Insurance $2,200, Hydro $1,800, Gas $1,960, Reliance $350, Snow Removal $800. Recent improvements include new flooring in Apartments #2 and #3 (approximately $14,000) and washer/dryer hookups in Apartments #1 and #3. Existing tenants are on one-year leases. Basement apartment is vacant, offering immediate occupancy for an owner or the opportunity to establish current market rent. Please allow sufficient notice for tenant-occupied units. (id:25417)
Price reduced $54,900 (9.98%) from the list price.
- Listing ID: T13533958
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 33 by 132 FT |
| Parking: | No Garage 3 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Asbestos and Wood |
| Basement: | N/A |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | Temiskaming Shores |
| Province: | Ontario |
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