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Home ON Greater Temiskaming Shores Temiskaming Shores
554 LAKESHORE ROAD
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554 LAKESHORE ROAD $599,000
$599,000
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554 LAKESHORE ROAD
Temiskaming Shores, Ontario P0J1P0

MLS® Number: X8071762
8 + 0
Bedrooms
6
Bathrooms
-
Square Feet

Listing Description

Welcome to this exceptional residential property boasting six self-contained units, each equipped with six appliances including a Fridge, Stove, Washer, and Dryer. The rental terms are all-inclusive, covering both heat and hydro for added convenience. The property features two efficient natural gas forced air furnaces and three hot water tanks to ensure optimal comfort. Currently, all apartments are occupied, except for the spacious three-bedroom unit, which is currently utilized as an AirBnB, generating revenue at a rate of $250 per night, when in use. This presents a lucrative opportunity for potential buyers seeking both immediate rental income and the potential for continued short-term rental success. Don't miss out on the chance to own this income-generating residential property with a mix of long-term and short-term rental possibilities. **** EXTRAS **** Annual Expenses: Heating is $3,840, Water is $6,066, Hydro is $9,000 and Insurance is $4200. Property taxes include the cost of water/sewer ($6,066) and the total cost is $10,021. (34591567)

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Land Size
107.42 x 107.96 FT ; 88.88 ft x99.69 ft x127.59 ft x106.92 ft|under 1/2 acre
Annual Property Taxes
$10,021
Total Parking Spaces
12
Time on REALTOR.ca
131 days

Building

Bedrooms
Above Grade
8
Bathrooms
Total
6
Interior Features
Appliances Included
Dryer, Refrigerator, Stove, Two Washers, Two stoves, Washer
Basement Type
Partial (Unfinished)
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Amenities Nearby
Place of Worship
Parking
Total Parking Spaces
12

Rooms

Main level
Bedroom
Bedroom
Bedroom 2
Second level
Bedroom
Bedroom 3

Land

Waterfront Features
Surface Water
Lake/Pond
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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