23 Highway 105
Red Lake, Ontario
- Other
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.
Price History
Property
- Lot Size
- 0.88 acres
Schools
Elementary
- St John School0.3 km
Catholic · Kenora CDSB · 135 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 15% met the provincial standard
- École catholique des Étoiles-du-Nord0.4 km
French Catholic · CSDC des Aurores boréales
- Red Lake Madsen Public School0.5 km
Public · Keewatin-Patricia DSB · 155 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Red Lake District High School0.4 km
Public · Keewatin-Patricia DSB · 270 students
Grade 10 literacy: 89% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P0V
- Population
- 22,944
- Private dwellings
- 9,106
- Median age
- 30.8
- Average household size
- 3.1
- Median household income
- $71,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Red Lake · last 12 months
- Median sold price
- $256,000
- Homes sold
- 11
- Median days on market
- 24
- Sale-to-list price
- 94.5%
Based on 11 recorded sales of other properties in Red Lake over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$179,980
Estimated Monthly Payment
$4,421
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,421/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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