495-497 FERGUSON AVENUE, Temiskaming Shores, Ontario
$4,495,000
- 21,420 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:23309)
- Listing ID: X8235446
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Jim Chu would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Jim Chu, who specializes in Temiskaming Shores real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Jim Chu find a property to match your lifestyle.
Listing provided by ALLOWAY PROPERTY GROUP LTD.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 495-497 FERGUSON AVENUE in Temiskaming Shores Ontario. It was last modified on April 15th, 2024. Contact Jim Chu to schedule a viewing or to discover other Temiskaming Shores real estate for sale.