222 Whitewood Avenue, Temiskaming Shores (new Liskeard), Ontario

About 222 Whitewood Avenue

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. (id:36535)

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