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$ 1,910,000
Est. payment | /mo
$ 1,910,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13445348
Annual Tax Amount $19,149
Tax Year 2026
Property Sub-Type Investment
Property 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.
Location
Province ON
County Kenora
Area Kenora
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 311.33
Lot Depth 382.91
Others
Security Features No
ParcelsYN No
Listed by COLLIERS
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