554 Lakeshore Rd

Temiskaming Shores | | P0J 1P0
  • 8 + 0
  • 6
  • 0

Ask: $649,000 $599,000

Est. Mtg $2,031 /mo
  • Days on market

    231

  • Status

    Pc

Listing Broker THE AGENCY
Since listed: 1 views

Home details

MLS #:

X8071762

Property type:
Multiplex
Style:
2-Storey
Taxes:
$10,021
Possession:
Flexible
Lot Front:
107.42   Feet
Lot Depth:
107.96   Feet
Basement:
Part Bsmt | Unfinished
Driveway Pkg:
12
Heat:
Gas | Forced Air

Description


554 Lakeshore Rd, , Temiskaming Shores, Ontario is a Multiplex property in Temiskaming Shores and in the community in the P0J 1P0 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2024-02 2024-04 $649,000 $599,000 Pc X8071762
2024-02 2024-09 $649,000 $599,000 New T9274987
2019-01 $149,900 $149,900 W4266508
2024-09 $649,000 $649,000 T9278779

Comparables

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sold Date Address List Price sold Price DOM
2024-06 22556 Loyalist Pkwy, $549,900 $549,900 21
2024-06 1 Balfour Pl, $1,059,000 $1,055,000 98
2023-07 334 Southworth St S, $599,000 $515,000 31
2023-06 8 Cady St, $599,900 $517,000 56
2022-06 4205 Fly Rd, $1,500,000 $1,440,000 225
2022-05 312 Hilton Ave, $899,000 $1,050,000 7
2022-05 402 Fares St, $949,000 $949,000 4
2022-04 57 William St, $1,300,000 $1,250,000 13
2022-04 107 Sixth Ave, $899,900 $940,000 25
2022-03 157 Stanley St, $1,500,000 $1,500,000 44
2022-02 146 Kitchener Rd, $1,150,000 $1,100,000 8
2021-12 25 Wauchope Ave, $1,299,900 $1,250,000 49
2021-07 4553 Ferguson St, $779,900 $770,000 99
2021-07 2 Kline's Ave, $455,000 $625,000 3
2021-06 157 Stanley St, $1,050,000 $1,015,000 42

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Temiskaming Shores :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 554 Lakeshore Rd

Based on available 3rd party data

$3001

Approximate costs per month

Mortgage
$2031 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$835 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Golf
  • Lake/Pond
  • Place Of Worship
Listing Broker THE AGENCY
Data Source: TRREB

Payment calculator

$2866 monthly. In association with: TD Bank
%
  • Principal and Interest
    2031 /mo
  • Property Taxes
    $835 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Luis Serrano, Realtor

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