23 HIGHWAY 105, Red Lake (TB-701)

$899,900

For sale: Other

Other at 23 HIGHWAY 105, Red Lake (TB-701)
Property type
Office
MLS®
MLS® X13254784
Neighbourhood
TB-701

Multi-Unit Investment Opportunity A diverse portfolio of five income-generating properties on one property. Each offering strong rental potential and located in a convenient area. #1 ? Commercial & Residential Combination This unique building features a commercial office space on the main level with seven private offices, a reception area, and conference room. The lower level includes a separate 2-bedroom, 1-bath apartment, perfect for rental income or live/work flexibility. #2 ? Detached Residential Home A 3-bedroom, 1-bath home with a crawl space. #3 & #4 ? Triplex This triplex offers three spacious rental units: 3-bedroom, 1-bath 4-bedroom, 1-bath 3-bedroom, 2-bath upper unit with a kitchenette (currently not rented) The basement includes shared laundry, utilities, and storage. #5 ? Duplex with Extras Main floor features a 2-bedroom, 1-bath unit with laundry in the basement. The upper level includes a 2-bedroom, 1-bath unit (no kitchen). Property also includes a garage adding utility.

Sold data

Homes in Red Lake (TB-701) — recent sold market

Homes in Red Lake (TB-701) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 86, across 40 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 222 days.

The median sale price was $184,950.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
40
Median sale price
$184,950
Sale-to-list ratio
95.7%
Sold above asking
13%

Based on 40 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Red Lake (TB-701)

Red Lake (TB-701) has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 6.1/10.

Rated schools
3
Elementary
2
Secondary
1
Average rating
6.1 / 10

Top-rated schools in Red Lake (TB-701)

  • Red Lake Madsen — elementary, Red LakeFraser rating 10.0/10
  • St John — elementary, Red LakeFraser rating 5.1/10
  • Red Lake — secondary, Red LakeFraser rating 3.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 23 HIGHWAY 105