The Jennifer Jones Team, LPT Realty, Brokerage
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Temiskaming Shores (New Liskeard), ON

222 WHITEWOOD AVENUE

$495,000

Listed by
CENTURY 21 TEMISKAMING PLUS BROKERAGE
Louise Ames, Broker

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Detached at 222 WHITEWOOD AVENUE, Temiskaming Shores (New Liskeard), ON
222 WHITEWOOD AVENUE, Temiskaming Shores (New Liskeard), ON, photo 2222 WHITEWOOD AVENUE, Temiskaming Shores (New Liskeard), ON, photo 3

Property facts

Price
$495,000
Type
Detached
Bedrooms
5
Bathrooms
3
MLS®
T13533958
Status
active
Brokerage
CENTURY 21 TEMISKAMING PLUS BROKERAGE

About this home

Description provided by the listing brokerage

Legal and conforming triplex offering an excellent investment opportunity in a desirable New Liskeard location. Current rental income is $2,950/month from two occupied units, with the vacant lower-level apartment providing immediate rental potential estimated at approximately $1,100/month, for a total potential gross income of approximately $4,050/month ($48,600 annually). Main floor 2-bedroom apartment rents for $1,450/month all inclusive. Upper 3-bedroom apartment rents for $1,500/month all inclusive. Owner pays all utilities. 2025 expenses: Taxes $5,880, Insurance $2,200, Hydro $1,800, Gas $1,960, Reliance $350, Snow Removal $800. Recent improvements include new flooring in Apartments #2 and #3 (approximately $14,000) and washer/dryer hookups in Apartments #1 and #3. Existing tenants are on one-year leases. Basement apartment is vacant, offering immediate occupancy for an owner or the opportunity to establish current market rent. Please allow sufficient notice for tenant-occupied units.

Location

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