554 Lakeshore Road Temiskaming Shores, Ontario P0J 1P0
$599,000
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. (id:50787)
Property Details
| MLS® Number | X8071762 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship |
| Parking Space Total | 12 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Exterior Finish | Brick, Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft ,11 In |
| Size Frontage | 107 Ft ,5 In |
| Size Irregular | 107.42 X 107.96 Ft ; 88.88 Ft X99.69 Ft X127.59 Ft X106.92 Ft |
| Size Total Text | 107.42 X 107.96 Ft ; 88.88 Ft X99.69 Ft X127.59 Ft X106.92 Ft|under 1/2 Acre |
| Surface Water | Lake/pond |
| Zoning Description | C, R |
Utilities
| Cable | Available |
https://www.realtor.ca/real-estate/26519805/554-lakeshore-road-temiskaming-shores
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September 04 2024 03:52:49
Toronto Real Estate Board
The Agency