23 Highway 105, Red Lake (TB-701), Ontario, P0V2M0
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$899,900
Red Lake
This office property in Red Lake is for sale.
Multi-Unit Investment Opportunity A diverse portfolio of five income-generating properties on one property. Each offering strong rental potential and located in a convenient area. #1 – Commercial & Residential Combination This unique building features a commercial office space on the main level with seven private offices, a reception area, and conference room. The lower level includes a separate 2-bedroom, 1-bath apartment, perfect for rental income or live/work flexibility. #2 – Detached Residential Home A 3-bedroom, 1-bath home with a crawl space. #3 & #4 – Triplex This triplex offers three spacious rental units: 3-bedroom, 1-bath 4-bedroom, 1-bath 3-bedroom, 2-bath upper unit with a kitchenette (currently not rented) The basement includes shared laundry, utilities, and storage. #5 – Duplex with Extras Main floor features a 2-bedroom, 1-bath unit with laundry in the basement. The upper level includes a 2-bedroom, 1-bath unit (no kitchen). Property also includes a garage adding utility. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 496 days on market, against an average age of 203 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This office in Red Lake (TB-701) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 12.6× the local median household income of $71,500.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 146% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0V)
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