181 Preston Street, Timmins | Image 1

181 Preston Street

Timmins, Timmins South - West

  • 6 bed 1 bath 2000 sqft
$489,900 est.*: $1,660/mo
For Sale

Added 3 days ago

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  • Type: Fourplex

  • Style: 2-Storey

  • Size: 2000 sqft

  • Lot Size: 53 x 80 Feet

  • Age: 31-50 years

  • Taxes: $5,100 per year

  • Days on Site: 3 Days

  • Added: Nov 04, 2024 (3 days ago)

  • Updated:

  • Last Checked: 7 hours ago

  • MLS®#: T10406477

  • Listed By: Realty networks inc.

Spacious Fourplex with Strong Rental Income! This larger fourplex offers an exceptional investment opportunity with solid rental income from fully rented units. Situated in a desirable area, each unit features its own unique layout to attract a range of tenants. Property Highlights: Unit 1: Spacious 4-bedroom unit renting at $2,000/month (plus hydro) with a natural gas furnace installed in 2015, providing efficient heating. Unit A: Cozy bachelor unit renting at $850/month (plus hydro), ideal for singles or couples. Unit B: Comfortable 1-bedroom unit renting at $1,100/month (plus hydro), offering a great balance of space and affordability. Unit C: Compact 1 bedroom unit renting at $820/month, all-inclusive for convenient budgeting. Utilities & Heating: Unit 1: Heated by a natural gas furnace, ensuring warmth and energy efficiency. Units A, B, and C: Equipped with electric heating for individualized control. This property boasts strong, reliable rents with room for potential increases. Perfect for investors seeking a low-maintenance asset with a steady income stream

Extras

MPAC 324, Total Sq.Footage 2200, Hydro Tenants, Heat $1140 /12mths, Water-Sewer $4356 / year. This property has central air. The property has gas heat and electric baseboards. The Natural gas fire place is not working.

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2-Storey

  • Size (sq ft): 2000

  • Age: 31-50

  • Area: Timmins

  • Community: Timmins South - West

Inside

  • Bedrooms: 6

  • Bathrooms: 1

  • Kitchens: 4

  • Rooms: 6

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: Yes

  • Washrooms: 1

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Part Fin

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Stucco/Plaster

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Special Designation: Other

  • Retirement: N

Parking

  • Driveway: Private

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 3594 SEC SEC SRO; PT LT 19 PL M48T MOUNTJOY; PT LT 20 PL M48

  • Taxes: $5,100

Land

  • Cross Street: Off Middleton

  • Municipality District: Timmins

  • Fronting On: West

  • Parcel Number: 654221171

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 80 Feet

  • Lot Frontage: 53 Feet

  • Acres: < .50

  • Zoning: NA-R3

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Very Walkable

  • Most errands can be accomplished on foot.
84 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
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