Sold on Jul 26, 2016
Note: Property is not currently for sale or for rent.
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Type: Multiplex
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Lot Size: 0 x 0
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Age: No Data
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Taxes: $6,089 per year
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Days on Site: 60 Days
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Added: Sep 13, 2024 (1 month on market)
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Updated:
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Last Checked: 9 hours ago
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MLS®#: T9339019
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Listed By: Realty networks inc., brokerage
THREE STORY HOTEL ON BUSY STREET IN SCHUMACHER, ON. THE BAR IS ON THE FIRST FLOOR. THERE ARE 9 ROOMS ON THE SECOND FLOOR THAT RENT FOR $400-425 MONTH W/ COMMON BATHROOMS. ON THE THIRD FLOOR, THERE IS A MASSIVE APARTMENT THAT RUNS THE LENGTH OF THE BUILDING. IT HAS 5 BEDROOMS & 2 BATHROOMS. IT WOULD MAKE A GREAT LIVING QUARTER FOR A NEW OWNER/OPERATOR OR IT COULD BE USED AS A RENTAL UNIT. WITH THE APARTMENT RENTED AT $1200 MONTH & THE 9 ROOMS AT $400/MONTH, THIS PROPERTY HAS A GROSS POTENTIAL INCOME OF $57,600/YEAR WITHOUT COUNTING ANY INCOME FROM THE MAIN FLOOR BUSINESS. THE BAR IS STILL VERY ACTIVE. THE LISTING AGENT HAS 2 YEARS OF FINANCIALS ON FILE FOR SERIOUS BUYERS. SELLER IS WILLING TO CARRY SOME FINANCING FOR A SUITABLE BUYER
Status
Days on Market: 60
Last Status: Sold
Sold Date: Jul 26, 2016
Closed Date: Aug 20, 2016
Expiry Date: Mar 31, 2017
Sold Price: $230,000
Unavailable Date: Jul 26, 2016
Input Date: May 30, 2016
Property
Status: Sale
Property Type: Multiplex
Area: Timmins
Inside
Fireplace: No
Building
Heat Source: Other
Exterior: Brick
Exterior: Metal/Side
Special Designation: Unknown
Parking
Garage Type: None
Total Parking Spaces: 6
Fees
Tax Legal Description: PCL 392 SEC WAT SRO; LT 46 PL M34S
Taxes: $6,089
Land
Cross Street: between vipond rd. &
Municipality District: Timmins
Fronting On: South
Pool: None
Sewer: Sewers
Acres: < .50
Zoning: EA-CG
École catholique Louis-Rhéaume
Elementary: CatholicÉcole catholique Louis-Rhéaume
Elementary: CatholicSchumacher Public School
Elementary: PublicSacred Heart School
Elementary: CatholicSt Paul Separate School
Elementary: CatholicPinecrest Public School
Elementary: PublicNCDSB Access Center Secondary School
Secondary: CatholicPACE Alternative & Continuing Education
Secondary: PublicÉcole secondaire Cochrane
Secondary: PublicO'Gorman High School
Secondary: CatholicÉcole secondaire catholique Theriault
Secondary: CatholicTimmins High and Vocational School
Secondary: Public
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35 Graham Lane North, Timmins, Ontario • P4N 7Z5 • Timmins South - West
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283 Pine Street South, Timmins, Ontario • P4N 2K8 • Timmins South - East
