Listed by The Agency.

554 Lakeshore Road is a Multiplex, 2-Storey and is currently for Sale @ $599,000. Taxes in 2023 were $10,021.00.

More homes for sale under 600k in Temiskaming Shores

Welcome to this exceptional residential property boasting six self-contained units, each equipped with six appliances including a Fridge, Stove, Washer, and Dryer. The 2-Storey on 554 Lakeshore Road has 8 bedrooms, 6 bathrooms, and is located on a 107.96 x 107.42 ft loton < .50 acres in the community of . 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.

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.

The address 554 Lakeshore Road was listed for sale (MLS# X8071762) on Monday, February 12, 2024.