Log In/Sign Up
Your email has been sent.
44 Koval St 23 Unit Apartment Building $1,910,000 CAD ($83,043 CAD/Unit) 7.11% Cap Rate Pickle Lake, ON P0V 3A0
Executive Summary
44 Koval Street presents an opportunity to acquire a 23-unit multifamily property on a 2.84-acre site in Pickle Lake, Ontario. Featuring a balanced mix of 11 one-bedroom and 12 two-bedroom suites, the property serves a diverse tenant base in a market with limited rental housing supply.
Generating a Year 1 NOI of $135,752, the asset offers stable cash flow and value-add potential through on-site laundry income, and storage conversion opportunities An existing storage unit may also be converted back into a rentable residential suite.
Located in Ontario's northernmost road-accessible community, Pickle Lake serves as an important transportation and service hub for the surrounding region, supporting long-term rental demand and investment potential.
Generating a Year 1 NOI of $135,752, the asset offers stable cash flow and value-add potential through on-site laundry income, and storage conversion opportunities An existing storage unit may also be converted back into a rentable residential suite.
Located in Ontario's northernmost road-accessible community, Pickle Lake serves as an important transportation and service hub for the surrounding region, supporting long-term rental demand and investment potential.
Property Facts
| Price | $1,910,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $83,043 CAD | Lot Size | 2.84 AC |
| Sale Type | Investment | Building Size | 23,000 SF |
| Cap Rate | 7.11% | No. Stories | 3 |
| No. Units | 23 | Year Built | 1976 |
| Property Type | Multifamily | Parking Ratio | 1.57/1,000 SF |
| Price | $1,910,000 CAD |
| Price Per Unit | $83,043 CAD |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 2.84 AC |
| Building Size | 23,000 SF |
| No. Stories | 3 |
| Year Built | 1976 |
| Parking Ratio | 1.57/1,000 SF |
Amenities
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 12 | - | - |
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
44 Koval St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.