$1,910,000
Available - For Sale
Listing ID: X13445348
44 Koval Street South , Pickle Lake, P0V 3A0, Kenora
| 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. |
| Price | $1,910,000 |
| Taxes: | $19149.62 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 44 Koval Street South , Pickle Lake, P0V 3A0, Kenora |
| Postal Code: | P0V 3A0 |
| Province/State: | Kenora |
| Legal Description: | PCL 6910 SEC DPF; PT MINING CLAIM PA3413 |
| Directions/Cross Streets: | Koval St & Lakeview Cres |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 2.84 |
| Total Area Code: | Acres |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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| COLLIERS |
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Hamid-Reza Danaie
Broker
Dir:
416-904-7200
Bus:
905-889-2200
Fax:
905-889-3322
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At a Glance:
| Type: | Com - Investment |
| Area: | Kenora |
| Municipality: | Pickle Lake |
| Neighbourhood: | Dufferin Grove |
| Tax: | $19,149.62 |
| Fireplace: | N |
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