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495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0

495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0 (ID 40572068)
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373

$4,965,000 - For sale

ID#:40572068

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:2471)

Location DescriptionWest on Main st from Hwy 11, left onto Ferguson

Property Details
  • Property Address:495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:under 1/2 acre
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Visitor Parking
  • Parking Space Total:26
Structure Details for 495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0
  • Building Age:2015
  • Bedrooms:37
  • Bathrooms:26
  • Floor Space:24500
  • Heating Type:Electric, Baseboard heaters, Radiant heat
  • Storeys:2
  • Basement Type:Full (Finished)
  • Cooling Type:Wall unit
  • Exterior Type:Wood
Amenities for 495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0 Laundry- Coin operated, High Traffic Area
  • Amenities Nearby:Shopping
Representative
Jesse Henneveld portrait
Jesse Henneveld
Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373
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Listing Office: Alloway Property Group Ltd., Brokerage

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495-497 FERGUSON Avenue, Haileybury, Ontario, P0J1K0

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