60 Dwyer Avenue, Timmins | Image 1

60 Dwyer Avenue

Timmins

  • Commercial

$XXX,XXX
For Sale

Added 9 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Retail Store Related

  • Zoning: NA-CN & NA-R3

  • Age: No Data

  • Taxes: 8941.35

  • MLS®#: T9278655

  • Days on Site: 300 Days

  • Added: Jan 21, 2024 (9 months ago)

  • Updated:

  • Last Checked: 6 hours ago

  • Listed By: Royal Lepage Real Estate Services Ltd.

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenants is required to cover property taxes and maintenance frees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s. The Seller is highly motivated to sell and is eager to show this gem, so don't miss out on this opportunity!

Property

  • Status: Sale

  • Type: Retail Store Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Timmins

  • Availability Date: Neg

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Closd

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: Plan M6T Lots 131 and 132 PCLS 695 and 3253 WT

  • Taxes: $8,941

  • Taxes Type: Annual

Land

  • Cross Street: corner of Grant St &

  • Municipality District: Timmins

  • Parcel Number: 654070216

  • Sewer: Sanitary

  • Lot Frontage: 63.2 Feet

  • Zoning: NA-CN & NA-R3

Commercial Specific

  • Retail Area: 2200

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 2220

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Survey: N

Map of 60 Dwyer Avenue, Timmins
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