PROJECT INFOMRATION
NORTHROCK
NorthRock is a modern luxury workforce housing project at 12 Wishman St, Kirkland Lake, Ontario, purpose-built for mining professionals who demand comfort and quality after long shifts in the field.
With 8 fully furnished micro-room units, private bathrooms, kitchenettes, and shared luxury common areas,
NorthRock redefines the standard of workforce accommodation in Northern Ontario.
Highlights
- 8 fully furnished micro-room units.
- 3,000 SF building on a 40 FT u00d7 100 FT lot.
- Private bathroom and kitchenette in every unit.
- Shared luxury family and living areas.
- Target market: mining and skilled workforce housing.
- Monthly gross income of $16,000.
- Annual gross income of $192,000.
- Net Operating Income (NOI) of $180,000.
- Total development cost of $1,100,000.
- Estimated stabilized value of ~$3,000,000 at a 6% cap rate.
- Estimated equity created: ~$1,900,000.
Investment Highlights
- Strong workforce housing demand with limited quality supply in Kirkland Lake.
- High income per square foot relative to development cost.
- Low land acquisition cost of $50,000.
- Modern micro-room concept with proven operator appeal.
- Built specifically for mining workers u2014 a stable, essential workforce segment.
- High projected yield and long-term cash flow visibility.
Concept Design
Design
NorthRock draws on modern residential design principles to create a building that feels premium, not institutional u2014 warm materials, clean lines, functional layouts, and thoughtful shared spaces that make a real difference for workers living away from home.
Each unit is self-contained with its own kitchenette and private bathroom, giving residents
independence and dignity while shared living areas encourage connection and community between shifts.
Amenities
Every NorthRock unit comes fully furnished and move-in ready, reducing friction for workers and operators alike.
Shared amenities include a comfortable family and living lounge area designed for rest,
recreation, and social connection u2014 making NorthRock a genuine home, not just accommodation.
Unit Mix
NorthRock offers a focused, efficient unit configuration purpose-built for workforce demand.
All 8 units target mining and skilled trade workers in the Kirkland Lake area, with strong
year-round occupancy supported by active mine operations in the region.
| Type | nUnits | nFeatures | n
|---|---|---|
| Micro-Room Suite | n8 | nPrivate bathroom, kitchenette, fully furnished | n
Location Value
Located at 12 Wishman St, Kirkland Lake, Ontario, NorthRock sits in a market with
consistent workforce housing demand driven by active mining operations and limited
quality accommodation options.
Kirkland Lake is a proven mining hub in Northern Ontario, with a stable employment base
and a chronic shortage of premium worker housing u2014 positioning NorthRock as a first mover in a structurally underserved market.
Investment Appeal
NorthRock presents one of the most compelling yield-per-square-foot opportunities in the investmentvista.com portfolio.
With a total development cost of 1.1M, a projected NOI of 180,000, and an estimated
stabilized value of ~3,000,000 at a 61,900,000 in
estimated equity creation and a strong long-term cash flow profile backed by non-cyclical workforce demand.
