495-497 Ferguson Ave, Haileybury
Haileybury, ON P0J 1K0
$4,100,000
INVESTMENT HIGHLIGHTS
26 Unit multi-residential
17 x 2 bedroom
3 X 1 Bedroom
6 X Bachelor
Lot Area: 12,646.74 square feet
Property PINs: 613970931, 613970182, & 613970932
ANnual Taxes: $36,367 (2021)
Market rents with room for growth
flexible management contract
less than 10 years old
fully tenanted with high occupancy demand
Welcome to Renaissance Place!
Take advantage of this considerable investment opportunity in Temiskaming Shores. This 26 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.
The property features spectacular Management and Superintendent offices. Board room with kitchenette and full washroom.
This property is fully occupied with high demand for tenancies. Continued need for labour in the Forestry, mining & support services ensure no end to the list of high-quality tenants.
If you’ve been looking for a stable, turn-key investment opportunity, this one’s for you!
Share of Labour Force by Occupation
(Environ Analytics)
Northern Ontario – A Golden Opportunity
65 6th Ave is Located in the town of Temiskaming Shores, ON. This town is driving distance to both Kirkland Lake, ON and North Bay, ON.
Both these communities are undergoing continued expansion and demand for workers in mining, forestry, & support industries remains heavy, with multiple mining companies offering large signing bonuses to workers.
The Median income in Temiskaming Shores is $61,327 and the median age is 51. (Source: Environ Analytics)
Financials
| 495 Ferguson Ave | |
|---|---|
| Income | |
| Gross Rent | $366,624.00 |
| Laundry Income | $6,900.00 |
| Air Con / Winter Plugs Income | $2,273.40 |
| Total Income | $375,797.40 |
| Expenses | |
| Hydro | $18,237.93 |
| Insurance | $10,305.60 |
| Property Taxes | $36,367.00 |
| Snow Removal | $3,390.00 |
| TV/Internet | $10,021.65 |
| Management/Cleaning | $12,000.00 |
| Gas | $7,553.06 |
| Total Expenses | $97,875.24 |
| NOI | $277,922.16 |
| Cap 5.24% | $4,556,100.98 |
| Rents - 495 Ferguson Ave | |
|---|---|
| Bedrooms | Rent |
| Bachelor | $875.00 |
| Bachelor | $850.00 |
| Bachelor | $733.00 |
| 2 | $1,214.40 |
| 2 | $1,012.00 |
| 2 | $1,214.40 |
| 2 | $1,340.90 |
| 2 | $1,200.00 |
| 2 | $1,467.40 |
| 1 | $1,012.00 |
| Bachelor | $708.40 |
| 2 | $1,239.70 |
| 2 | $1,340.90 |
| 2 | $1,340.90 |
| 2 | $1,467.40 |
| 2 | $1,366.20 |
| 1 | $1,163.80 |
| Bachelor | $850.00 |
| 2 | $1,366.20 |
| 2 | $1,375.00 |
| 2 | $1,012.00 |
| 2 | $1,492.70 |
| 2 | $1,525.00 |
| 1 | $1,225.00 |
| Bachelor | $759.00 |
| 2 | $1,400.00 |
| Total Monthly Rent | $30,552.00 |
| Total Annual Rent | $366,624.00 |
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