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$495,000
Temiskaming Shores
222 Whitewood Avenue, Temiskaming Shores (New Liskeard), Ontario, P0J1P0
This multi-family property in Temiskaming Shores is for sale offering roughly 2,250 sq ft of space.
FULLY RENTED LEGAL & CONFORMING TRIPLEX - $53,400 ANNUAL RENTAL INCOME! An excellent opportunity to invest in a well-maintained, income-producing property in a desirable New Liskeard location! This triplex features three fully occupied apartments with reliable rental income totalling $4,450 per month. The main-floor 2-bedroom apartment rents for $1,450/month, the upper-level 3-bedroom apartment rents for $1,500/month, and the lower-level apartment rents for $1,500/month, all inclusive. Recent improvements include approximately $14,000 in new flooring in two apartments, plus washer/dryer hookups in two units. With strong local demand for rental accommodations, this property offers investors an opportunity to acquire an established rental property with immediate cash flow. Attractive asking price of $495,000! Owner pays utilities. Financial information available upon request. Please allow sufficient notice for tenant-occupied showings. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 120 days on market, against an average age of 91 days across the listings currently for sale in this city
This 5-bed multi-family in Temiskaming Shores (New Liskeard) 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 $495,000, about 6.8× the local median household income of $72,500.
Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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