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Investment signal

$495,000

121 ELM AVENUE

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Temiskaming Shores (New Liskeard). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Solid purpose-built fourplex ideally located within walking distance to the downtown core and bus route. This well-maintained property features four reliable, long-term tenants in good standing who are happy to stay. Each unit offers a consistent layout with a spacious living room, two good-sized bedrooms, eat-in kitchen, 4pc bath, in-unit laundry, and both front and rear entrances. All units are heated with electric baseboards, with total hydro costs averaging approximately $150/month per unit. Currently serviced by a single hydro meter, with potential to add separate metering. A great opportunity to enter or expand your real estate investment portfolio! (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: New Liskeard
Lot dimensions: 101.3 x 136.7 FT
Bedrooms: 4 above grade, 4 below grade
Parking: 4 total
Stories: 2
On market: Apr 8, 2026
Status changed: Apr 23, 2026
Annual tax: $7,846.43 (2025)
Zoning: R3
Photos: 43
MLS#: T12974050
Area: TEMISKAMING_SHORES_(NEW_LISKEARD)

Features and systems

Parking

No Garage

Basement

FinishedFull

Appliances

RefrigeratorStoveWater Heater

Heating

Baseboard heatersElectric

Cooling

None

Exterior

BrickStucco

Foundation

Block

Lot

Hillside

Utilities

SewerElectricityCable

Positive cash flow ~$203/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

2.46%

Cap rate

5.36%

GRM

12.5

Break-even rent

$3,086

Financing

Down payment$99,000

Loan amount$396,000

Mortgage$2,006/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$227

Insurance$80

Maintenance$413

CapEx reserve$206

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,006/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.