25
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Est. payment /mo
5 Beds
3 Baths
Price Dropped by $54K
222 Whitewood AVE Temiskaming Shores, ON P0J 1P0
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision New Liskeard
MLS Listing ID T13533958
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,880
Tax Year 2025
Property Sub-Type Triplex
Lot Depth 132.0
Lot Front 33.0
Property Description
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
Province ON
County Timiskaming
Area Timiskaming
Zoning R3
Rooms
Family Room No
Basement Apartment
Kitchen 3
Interior
Interior Features None
Cooling None
Exterior
Parking Features Private Triple
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 3
Building
Building Age 51-99
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE
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