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Home ON Greater Temiskaming Shores Temiskaming Shores
495-497 FERGUSON Avenue
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495-497 FERGUSON Avenue $4,965,000
$4,965,000
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495-497 FERGUSON Avenue
Haileybury, Ontario P0J1K0

MLS® Number: 40572068
37
Bedrooms
26
Bathrooms
24500
Square Feet

Listing Description

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. (67325723)

Location Description

West on Main st from Hwy 11, left onto Ferguson

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
24500 sqft
Subdivision Name
Temiskaming Shores
Title
Freehold
Land Size
under 1/2 acre
Built in
2015
Annual Property Taxes
$21,017.11
Parking Type
Visitor Parking
Time on REALTOR.ca
71 days

Building

Bathrooms
Total
26
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Laundry- Coin operated
Construction Material
Wood frame
Fire Protection
Unknown
Total Units
26
Heating & Cooling
Cooling
Wall unit
Heating Type
Baseboard heaters, (Electric), Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Wood
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Shopping
Parking
Parking Type
Visitor Parking
Total Parking Spaces
26

Measurements

Square Footage
24500 sqft
Above Grade Finished
24500 sqft
Source: Other

Land

Lot Features
Frontage
85 ft
Land Depth
200 ft
Other Property Information
Zoning Description
R4-14, C1A
Data provided by: The Lakelands Association of REALTORS® 34 Cairns Crescent, Huntsville, Ontario P1H 1Y3

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