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  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
  • 495-497 FERGUSON AVENUE
495-497 FERGUSON AVENUE, Temiskaming Shores, Ontario, P0J1K0
Property TypeMulti-family Building Area21420 square feet

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:42512)


Business
Business TypeResidential Business Sub TypeApartments
Details
Parking Spaces26 TransactionFor sale
Building
CoolingPartially air conditioned Heating FuelNatural gas
HeatingHot water radiator heat Size Interior21420 sqft
TypeMulti-Family Utility WaterMunicipal water
Land
Size Irregular85 x 200 FT

Listing Office: ALLOWAY PROPERTY GROUP LTD.

Data Provided by Toronto Regional Real Estate Board

Last Modified :14/05/2024 01:30:38 AM

Listing Office: ALLOWAY PROPERTY GROUP LTD.

Data Provided by Toronto Regional Real Estate Board

Last Modified :14/05/2024 01:30:38 AM

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