$4,495,000
FOR SALE

Investment

Lot: 85 x 200 ftTotal Area: 21,420 ft2
2023 Taxes: $21,017.11

495-497 Ferguson Ave
Temiskaming Shores, ON P0J 1K0 | Timiskaming

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.
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Listed By ALLOWAY PROPERTY GROUP LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8235446
Last Updated Aug 30, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $21,017.11
Tax Type Annual
Directions/Cross Streets Ferguson Ave & Broadway Street
Area Timiskaming
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 85 x 200 ft
Total Area 21,420 ft2
Air Conditioning Part
Garage Type None
Parking Spaces 26
Heat Type Gas Hot Water
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning R4-14, C1A (Multi-Residential 26 Unit)
Seller Property Info Statement N

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