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495-497 Ferguson St

27 Unit Apartment Building $4,495,000 CAD ($166,481 CAD/Unit) 6.12% Cap Rate Haileybury, ON P0J 1K0

Executive Summary

Welcome to Renaissance Place! Take advantage of this considerable investment opportunity in Temiskaming Shores. This 27-unit multifamily offering was finished in 2015. The building features a FOB entry system, high efficient LED light fixtures and gas boilers. All suites have stainless steel appliances and coin laundry is onsite located in each basement. This property is fully occupied with high demand for tenancies and average turnover with rental increases. There is continued need for labour in the forestry, mining & support services, which ensures no end to the list of high-quality tenants looking for housing in the north. If you've been looking for a stable turn-key investment opportunity, this one's for you!**** EXTRAS **** Well maintained offering at 6.55% CAP rate. Centrally located in downtown Haileybury and close to all amenities. Plenty of parking & access to winter plugs.

Property Facts

Price $4,495,000 CAD
Price Per Unit $166,481 CAD
Sale Type Investment
Cap Rate 6.12%
No. Units 27
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 13,808 SF
No. Stories 3
Year Built 2015

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - -
2+1 17 - -

zoning

Zoning Code C1A
C1A
  • Listing ID: 29230537

  • Date on Market: 2023-08-09

  • Last Updated:

  • Address: 495-497 Ferguson St, Haileybury, ON P0J 1K0

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