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$499,000
Available - For Sale
Listing ID: T11926438
Exceptional 6-plex investment opportunity at 84 Main Street, Timmins. 6.95% CAP and 13% IRR! Detached two-storey multi-residential building featuring six units. Perfectly situated at the intersection of Main and Shamrock, the property provides tenants with convenient access to local amenities, public services, and all the essentials of downtown living. Spanning approximately 5,628 square feet, this freestanding structure offers a blend of functionality and character, ensuring both tenant satisfaction and investor appeal. The building is designed with practical features that enhance its utility and ease of management. An enclosed rear porch provides access to the basement, while a wooden exterior staircase ensures easy entry to the second floor. The side gravel parking lot accommodates parking for all suites. Timmins is a community on the rise, fueled by a dynamic economic landscape and growing real estate market. Recent data highlights a surge in residential sales and increasing property values, a testament to the city's thriving development. Efforts to expand housing options and address supply challenges have positioned Timmins as an attractive destination for investors and residents alike. From a vibrant downtown core to the scenic beauty of Northern Ontario, the city combines opportunity with quality of life, making it an ideal place to invest. This fully occupied building provides immediate rental income, making it a compelling option for investors seeking both stability and growth potential. **EXTRAS** Side gravel parking, and close proximity to essential services. This is your chance to invest in a property that offers both immediate income and long-term potential in a city poised for growth.
Price $499,000
Taxes: $6,257
Tax Type: Annual
Occupancy by: Tenant
Address: 84 Main St , Timmins, P0N 1H0, Ontario
Postal Code: P0N 1H0
Province/State: Ontario
Lot Size: 50 x 112.57 (Feet)
Directions/Cross Streets: Main St. and Shamrock Ave
Zoning: NA-R3
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 5,628.5
Total Area Code:  Sq Ft
Financial Statement: Y
Heat Type: Baseboard
Central Air Conditioning: N
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ALLOWAY PROPERTY GROUP LTD.

84 Main St , Timmins, P0N 1H0, Ontario


 
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Type: Com - Investment
Area: Cochrane
Municipality: Timmins
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Lot Size: 50.00 x 112.57(Feet)
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Tax: $6,257
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