Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$4,965,000
Available - For Sale
Listing ID: X8235446
495-497 Ferguson Ave , Temiskaming Shores, P0J 1K0, Ontario
| 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. |
| Price | $4,965,000 |
| Taxes: | $21017.11 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 495-497 Ferguson Ave , Temiskaming Shores, P0J 1K0, Ontario |
| Postal Code: | P0J 1K0 |
| Province/State: | Ontario |
| Lot Size: | 85.00 x 200.00 (Feet) |
| Directions/Cross Streets: | Ferguson Ave & Broadway Street |
| Category: | Apartment |
| Use: | Apts-Over 20 Units |
| Building Percentage: | Y |
| Total Area: | 21420.00 |
| Total Area Code: | Sq Ft |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Part |
| Water: | Municipal |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ALLOWAY PROPERTY GROUP LTD. |
|
|
Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Timiskaming |
| Municipality: | Temiskaming Shores |
| Lot Size: | 85.00 x 200.00(Feet) |
| Tax: | $21,017.11 |
Locatin Map:
Payment Calculator:
