Property Description for 411 FERGUSON AVENUE
Welcome to this well-maintained triplex with a stunning view of Lake Temiskaming. An ideal opportunity for investors or owner-occupants looking for steady rental income in a desirable location. Main Floor Unit (Owners Suite / Market Rent $2,100+ utilities): Spacious 3-bedroom self-contained unit featuring a bright living room overlooking the lake, eat-in kitchen, main floor laundry, and walk-out patio with million-dollar views. Lower Level Units: Unit 1: 1-bedroom apartment, currently rented at $655/month + utilities (long-term tenant). Includes fridge, stove, washer & dryer. Unit 2: 1-bedroom apartment, rented at $900/month + utilities. Includes fridge & stove. Both units have ground-level walkouts for easy access. Investment Features:3 separate hydro meters, 3 owned electric hot water tanks, City water meter installed. Strong rental history with potential for increased income if the main floor is rented. Financial Snapshot: Current Income: $1,555/month (two rented units)Potential Full Income: Approx. $3,655/month + utilities. This property balances stable income with lakefront lifestyle appeal, making it attractive to both investors and homeowners. MPAC 333. HYDRO average main floor is $279.47 per month. The two tenants pay their own utilities. (id:38686)
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Property Details
Property Tax
: $5,899MLS® #
: T12357224
Home Features
Property Type
: MultiFamily
Interior Features
Heating
: Baseboard heaters, ElectricBasement
: Finished, Apartment in basement, Walk out, N/A
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: No GarageExterior Features
: Brick
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