Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C1,910,000
($1,366,000)
(€1,177,900)
Annual Taxes:C19,149.62
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
44 Koval Street offers the opportunity to acquire a 23 unit multifamily property situated on a large 2.
Description
44 Koval Street offers the opportunity to acquire a 23-unit multifamily property situated on a large 2.84-acre site in Pickle Lake, Ontario. The property features a practical suite mix of 11 one-bedroom units and 12 two-bedroom units, providing rental housing in a northern market with limited supply. One unit is currently being used as storage space and may be converted back to a rentable residential suite. The property also includes a 12-car garage, providing additional flexibility and ancillary income potential. Two bays have been converted to office space, while additional bays are being converted to storage units currently under construction. The storage program has the potential to expand to approximately 20 units in total, while still preserving flexibility for future ownership to rent garage spaces directly. Pickle Lake is Ontario's northernmost community with year-round, all-weather road access and functions as an important northern service, transportation, airport cargo, and supply hub. The community supports surrounding remote northern communities, winter road activity, resource-related operations, and access to the Ring of Fire region. Pickle Lake is also well known for fishing, hunting, and outdoor recreation, reinforcing its role as both a residential community and a gateway to Northern Ontario's wilderness.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.